Adevinta — Share Issue/Capital Change 2021

Dec 20, 2021

Adevinta ASA (ADE) - Redemption of shares in Blommenholm industrier AS and share sale in Adevinta ASA

Adevinta ASA (ADE) - Redemption of shares in Blommenholm industrier AS and share sale in Adevinta ASA

Oslo, 20 December 2021

Blommenholm Industrier AS, has today transferred 6 898 929 class A shares (voting shares) in Adevinta ASA to Alba Forvaltning AS, Faros Forvaltning AS and Odden Forvaltning AS. After these transfers, Blommenholm Industrier AS will own 17 093 587 class A shares in Adevinta ASA.

Following the transfers, Blommenholm Industrier AS will hold approximately 1.5% of the class A shares and votes

outstanding in Adevinta ASA.

The transfers are part of an agreement between the Tinius Trust and the three investment companies in conjunction with the redemption of non-voting B-shares in Blommenholm Industrier AS held by Alba Forvaltning AS, Faros Forvaltning AS and Odden Forvaltning AS.

This operation does not impact the voting structure of Blommenholm Industrier AS where the Tinus Trust controls all the votes and it does not lead to any change in the Tinius Trust's ownership strategy for Schibsted or Adevinta. It will eventually lead to the Tinius Trust becoming the sole owner of all voting and non-voting shares in Blommenholm Industrier AS.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup, and Blommenholm Industrier AS is a primary insider in Schibsted ASA.

For more information on the Tinius Trust, please visit www.tinius.com (http://www.tinius.com).