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Transaction in Own Shares • Oct 7, 2020

Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade: redemption of shares in Blommenholm Industrier AS

Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade: redemption of shares in Blommenholm Industrier AS

With reference to the mandatory notification of trade published 03 August 2020

and following the expiration of the legally required period for creditor

notification, primary insider in Schibsted ASA, Blommenholm Industrier AS, will

today transfer 607,851 B-shares in Schibsted ASA to Beltenut AS.

After this transfer, Blommenholm Industrier AS will own 30,013,354 B-shares in

Schibsted ASA. Blommenholm Industrier AS also owns 28,541,262 A-shares in

Schibsted ASA. Following the transfer, Blommenholm Industrier AS will hold

25.04% of shares outstanding and 26.87% of voting rights in Schibsted ASA.

The transfer is part of an agreement between the Tinius Trust and Blommenholm

Industrier AS and Beltenut AS/Jan Nagell-Erichsen to redeem non-voting B-shares

in Blommenholm Industrier AS held by Beltenut AS, as previously reported.

This operation does not impact the voting structure of Blommenholm Industrier AS

where the Tinus Trust controls all the votes and it does not lead to any change

in the Tinius Trust's ownership strategy for Schibsted ASA.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of

Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup.

For more information on the Tinius Trust and the redemption of shares, please

visit www.tinius.com.

Oslo, 07 October 2020

SCHIBSTED ASA

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act