Vend Marketplaces ASA - AGM Information 2020

Schibsted ASA (SCHA/SCHB) - Annual General Meeting 6 May 2020

The Annual General Meeting of Schibsted ASA was held on 6 May 2020. The meeting

was conducted as a virtual meeting due to COVID-19.

All proposals on the agenda were adopted, ref. the notice of the Annual General

Meeting that was published 14 April 2020, including the following:

* The Annual General Meeting resolved to elect Satu Huber and Karl-Christian

Agerup as a new member of the Board of Directors, and to re-elect the

remaining shareholder-elected board members, with the exception of Marianne

Budnik who did not stand for re-election.

* The Annual General Meeting resolved to grant the Board authority to increase

the share capital. The authority is limited to 10% of the share capital

within the B-share class. The authority includes the right to set aside the

pre-emptive rights of existing shareholders.

* The Annual General Meeting resolved to grant Board of Directors the

authorization to buy back up to 10% of the Company's shares for a period

from the date of this Annual General Meeting and until the Annual General

Meeting of the Company in 2021.

* The Annual General Meeting resolved to reduce the Company's share capital by

NOK 2,213,482 through the redemption of 4,426,964 own shares (3,543,657 A-

shares and 883,307 B-shares), following the completion of a share buyback

program in March 2020.

The minutes from the Annual General Meeting is attached and available on

www.schibsted.com.

Oslo, 6 May 2020

SCHIBSTED ASA

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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