Schibsted ASA (SCH) - Schibsted Media Group increases the ownership in the growth company Lendo

Schibsted Tillväxtmedier, a Swedish subsidiary of Schibsted Media Group, has

acquired 46 per cent of Lendo AB, and holds after this 97 per cent of the

company. Lendo is the leading market place for consumer loans in Sweden.

The acquisition price (EV) for 46 per cent of the shares is SEK 92 million.

Schibsted Tillväxtmedier first took a stake in Lendo in 2009, and the

development since has been very positive. The company had in the first nine

months of 2010 revenues of close to SEK 40 million, a growth of 250 per cent

compared to the same period in 2009.

The CEO and co founder of Lendo, Dennis Ahlsén and the marketing director, Jonas

Hultin, will remain shareholders, with a combined 3 per cent stake.

- The acquisition of Lendo is part of Schibsted Tillväxtmedier's focus on broad

consumer oriented services. The product portfolio of Lendo will be developed

further in rapid pace during the years to come, Raoul Grünthal, CEO of Schibsted

Sverige, says.

Schibsted Tillväxtmedier consists of internet oriented growth companies, and

operates in among other things travel, price comparison, market place for

electrical power and dating - in addition to financial services. Schibsted

Tillväxtmedier has grown into a success in Sweden, and the strategy is being

exported to Norway, where a corresponding company, Schibsted Vekst, was

established during the autumn 2010.

Contact person:

Trond Berger, CFO. Mobile: +47 916 86 695

Oslo, 17 November 2010

SCHIBSTED ASA

Jo Christian Steigedal

Vice president IR

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1463171]

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