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

Schibsted Media Group has on 22 February 2017 sold 25,134 treasury B-shares to participants in the Employee Share Saving Plan at a price of NOK 208.50 per B-share (the closing price 8 February 2017). The shares will be transferred to the participants in the coming days. The transaction is related to the fourth enrolment window in the Employee Share Saving Plan for 2016.

In addition, Schibsted Media Group has on 22 February 2017 transferred 7,536 treasury A-shares to participants in the Employee Share Saving Plan at a value of NOK 228.20 per A-share (the closing price 8 February 2017). 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 2014.

Shares sold and transferred to primary insider employees and allocated bonus shares are disclosed in the attachment.

After the transactions Schibsted ASA holds 268,484 treasury A-shares and 455,663 treasury B-shares.

For more information on the employee share saving plan please refer to the disclosure published 9 April 2014.

Oslo, 23 February 2017
SCHIBSTED ASA

Espen Risholm
IRO