Vend Marketplaces ASA

Management Reports • Nov 24, 2015

Schibsted ASA (SCHA/SCHB) - Schibsted reorganizes and steps up in Product and Tech

Schibsted ASA (SCHA/SCHB) - Schibsted reorganizes and steps up in Product and Tech

Today Schibsted Media Group presents a new organization with new geographies and

stronger global functions that will enable us to deliver even better products to

our users and customers - and at the same time strengthen our Ecosystem

strategy.

The new organization model will be simple and transparent, with clear

accountability for P&L along a geographical dimension. At the same time, the new

organization will have Product and Technology as new global functions across the

geographies.

The strategy of Schibsted remains unchanged; to be a global leader in online

classifieds, to develop world-class media houses and develop new growth

services.

The geographies in Schibsted's new organizational model will be the following:

* Norway

* Sweden

* Europe, Established Sites (France, Spain, Italy and Austria)

* Emerging markets (all other countries)

The leaders of each geography will report to the CEO. The new model implies that

the Online classifieds operations in Norway and Sweden, respectively, in the

future will be managed as part of its geographical units.

The members of Schibsted's new Group management team will be the following: Rolv

Erik Ryssdal, CEO, Didrik Munch, EVP Norway, Raoul Grünthal, EVP Sweden,

Gianpaolo Santorsola, EVP Emerging Markets, Sondre Gravir, EVP Europe,

Established Sites, Trond Berger, EVP Chief Financial Officer, Tina Stiegler, EVP

People, Change and Strategy, Rian Liebenberg, EVP Chief Technology Officer,

Terje Seljeseth, EVP Chief Product Officer, and Lena K Samuelsson, EVP

Communications & CSR.

Frode Eilertsen will take a new position in the Group as head of a new strategic

project for, aiming to set up a "unicorn-lab" that can identify, fund, build and

roll out unicorn-caliber growth ventures. Christian Printzell Halvorsen will

remain in his position as SVP Marketplace Products, based in Barcelona.

The new reporting structure will be effective starting in Q1 2016, and

comparable historical figures will be provided in due time before the Q1 2016

report.

More information about the new organizational structure and Group management

team is available on www.schibsted.com.

Contact persons:

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

Jo Christian Steigedal, Head of IR. Mobile: +47 415 08 733

Oslo, 24 November 2015

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#1969015]