Disclosure of Significant Shareholding

Securities Regulation of 29 June 2007 ("STA") -

In the name and on behalf of FIL Limited, P. O. Box

HM 670, Hamilton HMCX, Bermuda, (the "Investment

Manager") we hereby notify you pursuant to STA

Chapter 4, Section 4-1 the following:

On 17 November 2010 the shares and rights to shares

in Schibsted ASA (the "Company") attributable to the

Investment Manager crossed above the threshold of

5%. The threshold was crossed by means of buys of

59,800.

As a consequence, the total shareholding deemed to be

held is 5,448,909 which represents 5.05% of the

shares outstanding and voting rights of the Company.

The shares and rights to shares are owned by the

funds listed on Schedule A and are managed by the

designated management companies which are

undertakings controlled by the Investment Manager.

If you have any questions with respect to this

notification, please contact Shaheen Hussain,

Regulatory Reporting, at +44 1737 837149 or by fax at

+44 1737 837450 or via email [email protected].

By__

Michael Hepworth

Regulatory Reporting Senior Manager

Duly authorized under Powers of Attorney effective

July 12, 2010 by FIL Limited and its direct and

indirect subsidiaries.

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