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M&A Activity • May 13, 2016

Schibsted ASA (SCHA/SCHB) - Update on the Hemnet acquisition process

Schibsted ASA (SCHA/SCHB) - Update on the Hemnet acquisition process

Blocket has received a draft statement of objections from the Swedish

Competition Authority detailing its concerns in relation to Blocket's planned

acquisition of Hemnet. In the statement, the Swedish Competition Authority takes

a negative view to the transaction in its current form. Schibsted will continue

its dialog with the Swedish Competition Authority to explore whether

commercially viable remedies can be offered to address the concerns identified

by the authority.

Contact person:

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

Oslo, 13 May 2016

SCHIBSTED ASA

Jo Christian Steigedal

Head of IR

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2012565]