Adevinta — Major Shareholding Notification 2024

Apr 24, 2024

Adevinta ASA – Disclosure of large shareholding by Aurelia Bidco Norway AS

Adevinta ASA – Disclosure of large shareholding by Aurelia Bidco Norway AS

Reference is made to the stock exchange announcement on 21 November 2023 and the offer document dated 22 December 2023 (the "Offer Document") regarding a voluntary offer (the "Offer") by Aurelia Bidco Norway AS (the "Offeror"), a company indirectly owned by Aurelia Luxembourg Finco S.À R.L., with commitments from funds advised by each of Permira Advisers LLP, The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P., and TCV Aurelia Holdings, L.P., as well as Schibsted ASA, eBay International Management B.V. and eBay International Holding GmbH to acquire all the outstanding ordinary class A shares in Adevinta ASA (the "Company"), and a transaction completion agreement whereby inter alia certain existing shareholders have agreed to sell shares to the Offeror against consideration in newly issued shares in the Offeror's indirect parent company.

The acceptance period under the Offer has expired and the Offeror has received acceptances for 238,577,833 class A shares in the Company, which, taken together with the 922,658,008 shares (incl. the class B shares) in the Company to which the Offeror is conditionally entitled, equals approx. 94.8%.

The Offeror announced today that the closing conditions relating to minimum acceptance and regulatory approvals have been fulfilled and that settlement of the Offer is estimated to take place on 29 May 2024. Completion of the transaction completion agreement will take place on the same day. Following such completion, the Offeror will own 1,161,235,841 shares in the Company, which equals approx. 94.8%.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.