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Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade

Schibsted Media Group has on 21 November 2019 sold 21,057 treasury B-shares to

participants in the Employee Share Saving Plan at a price of NOK 250.80 per B-

share (the price is set according to standard procedure for the program two days

after the release of Schibsted's Q3 2019 report, the closing price 29 October

2019). The shares will be transferred to the participants in the coming days.

The transaction is related to the third enrolment window in the Employee Share

Saving Plan for 2019 which closed in June 2019, and based on savings made during

July, August and September 2019.

In addition, Schibsted Media Group has on 21 November 2019 transferred 6,624

treasury B-shares to participants in the Employee Share Saving Plan at a price

of NOK 244.60 per B-share (the closing price on the vesting date for the two

year holding period, 15 November 2019). The shares will be transferred to the

participants in the coming days. The transaction is related to bonus matching

shares given to employees who enrolled in the Employee Share Saving Plan for

Shares sold and transferred to primary insider employees are disclosed in the

attachment.

After these transactions, and including buyback of shares disclosed in a

separate release today, Schibsted ASA holds 2,511,267 treasury A-shares and

987,176 treasury B-shares.

For more information on the employee share saving plan please refer to the

disclosure published 9 April 2014.

Oslo, 22 November 2019

SCHIBSTED ASA

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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