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Schibsted ASA (SCH) - Employee Share Saving Plan 2014 for employees of the Schibsted Group

The Board of Schibsted ASA has approved a new employee share saving for

employees in the Schibsted Group. The plan is offered to employees in the Group

working for companies where Schibsted's ownership is more than 50 percent. The

purpose of the plan is to motivate and retain employees as well as to increase

the interest for the Group's results and performance through owning Schibsted

shares.

It is the Board's intention that the plan shall be a continuing part of the

company's employee incentive scheme. However, the Board shall have the right to

decide, in its sole discretion, whether or not the plan will be extended in the

future, the terms of the plan, and to which eligible Group companies it shall

extend the offer.

For 2014, the company offers a share saving plan based on an annual savings

range of NOK 2,000 - NOK 50,000 (or equivalent in local currency) but maximum 5

percent of annual gross fixed salary. Employees can enroll and change the

savings amount quarterly. The savings amount is deducted from the monthly net

salary. The savings amount is used to purchase Schibsted shares quarterly on

behalf of the employees. The purchase of shares will take place through DNB on

the day or days following publication of the interim accounts. The first

purchase will take place after the publication of the Q2 2014 interim report.

The purchase price and the number of shares acquired by the company will be

reported in accordance with the applicable regulations. Employees will be

allocated shares at the purchase price which is the market price on the purchase

date (i.e. no discount).

After two years of ownership, the company will allocate one bonus share for

every two shares bought in connection with this offer.

Attached to this release is a list of employees that are primary insiders and

that have subscribed in the share saving plan for 2014. The subscribed amount

disclosed is the total amount for 2014. Primary insiders can not change the

savings amount quarterly. The purchase price and the number of shares will be

reported when allocation is done.

Contact person:

Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Oslo, 9 April 2014

SCHIBSTED ASA

Jo Christian Steigedal

VP Investor Relations

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1775975]

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