DISCLOSURE OF SHAREHOLDING IN SCHIBSTED ASA

We are making this disclosure in accordance with

Section 4-2 of the Securities Trading Act. Tweedy,

Browne Company LLC ("TBC") acts as discretionary

investment adviser to funds and managed accounts

(the "Managed Accounts"). TBC is authorised to

exercise voting rights attached to shares under

management on a discretionary basis.

On 27 December 2010, TBC sold on behalf of Tweedy,

Browne Global Value Fund 1,379 shares in Schibsted

ASA ("Schibsted"). Following the sale, the aggregate

shares in Schibsted over which TBC is authorised to

exercise voting rights on a discretionary basis

amounts to 5,393,419 shares which constitutes 4.99%

of the issued shares and votes in the company. The

shares are allocated on underlying beneficial owners

as set out in the appendix hereto.

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