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Share Issue/Capital Change • Apr 9, 2019

Schibsted ASA (SCHA/SCHB) - Completion of the demerger of Schibsted ASA; registration of changes in the share capital of Schibsted ASA and Adevinta ASA

Schibsted ASA (SCHA/SCHB) - Completion of the demerger of Schibsted ASA; registration of changes in the share capital of Schibsted ASA and Adevinta ASA

Oslo, 9 April 2019: Reference is made to the stock exchange announcements

regarding the separation of Schibsted ASA ("Schibsted") and the establishment of

Adevinta ASA ("Adevinta") as a separate listed company comprising Schibsted's

classified media business outside the Nordics (the "Adevinta Business").

As described in the demerger plan and information brochure of 24 January 2019,

the separation of the Adevinta Business from Schibsted is effected through two

demergers: 1) the demerger of Schibsted and transfer of the remaining 35% of the

Adevinta Business to Adevinta against transfer of consideration shares to the

shareholders of Schibsted as further described below (the "Schibsted Demerger");

and 2) the demerger of Schibsted Multimedia AS and transfer of 65% of the

Adevinta Business to Adevinta against transfer of consideration shares to

Schibsted (the "SMM Demerger").

Today, on 9 April 2019, after the close of trading on the Oslo Stock Exchange,

completion of both the Schibsted Demerger and the SMM Demerger, and the changes

in the share capital of Schibsted and Adevinta, were registered with the

Norwegian Registry of Business Enterprises.

As a result of completion of the Schibsted Demerger:

Schibsted's share capital was reduced by NOK 28,881,246.548 by reducing the

nominal value of the shares to NOK 0.379. Further, Schibsted's share capital was

increased by NOK 28,881,246.548 by way of a capitalisation issue in accordance

with the Companies Act § 10-20, through increasing the nominal value of the

shares to NOK 0.50.

Consequently, Schibsted's current share capital is NOK 119,343,994, divided by

238,687,988 shares each with a nominal value of NOK 0.50, of which 108,003,615

A-shares and 130,684,373 B-shares. The articles of association of Schibsted has

been updated accordingly and are available on Schibsted's website

www.schibsted.no.

Adevinta has issued a total of 238,401,761 new shares divided into 107,747,388

A-shares and 130,654,373 B-shares (the "Consideration Shares"), representing

approximately 35% of the issued shares in Adevinta following completion of the

two demergers. The Consideration Shares was issued to the shareholders of

Schibsted registered in Schibsted's shareholders register with the VPS as at 11

April 2019 (the "Record Date").

Eligible holders of A-shares in Schibsted will receive one A-share in Adevinta

for each A-share registered as held in Schibsted on the Record Date and eligible

holders of B-shares in Schibsted will receive one B-share in Adevinta for each

B-share registered as held in Schibsted on the Record Date. It is expected that

the Consideration Shares will be delivered and made available to eligible

shareholders on the trading day after the Record Date, expected to be on or

about 12 April 2019.

Further, as a result of the SMM Demerger:

As consideration in the SMM Demerger, Adevinta has issued to Schibsted a total

of 442,746,128 new shares, divided into 200,102,292 A-shares and 242,643,836 B-

shares, representing approximately 65% of the shares in Adevinta following

completion of the two demergers.

Consequently, after completion of the two demergers, Adevinta's new share

capital is NOK 136,229,577.80 divided into 681,147,889 Shares, divided by

307,849,680 A Shares and 373,298,209 B Shares, each with a nominal value of NOK

0.20.

The articles of association of Adevinta has been updated accordingly and are

available on Adevinta's website www.adevinta.com.

The A-shares and B-shares in Adevinta will from 10 April 2019 be traded under

the tickers "ADEA" and "ADEB", respectively, on the Oslo Stock Exchange with

ISIN NO0010843998 and ISIN NO0010844038, respectively.

Enquiries

Cassandra Lord, Director of Communications, Adevinta. Tel: +44 7809 214 347

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

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.