Schibsted ASA (SCHA/SCHB) - Renewed TRS agreement in Adevinta ASA

03 Mar 2023 08:55 CET

Reference is made to the stock exchange notice published at 20:80 CET on 2 March
2023 regarding the renewed TRS agreement in Adevinta ASA ("Adevinta") by
Schibsted ASA ("Schibsted")

Schibsted extended the duration of its total return swap ("TRS") agreement with
Danske Bank A/S ("Danske") with financial exposure to 36,748,289 shares in
Adevinta by terminating the TRS agreement announced on 30 November
2022, and entering into a new TRS agreement. The expiry date of the new TRS
agreement is 7 March 2024.

The price in the new TRS agreement is NOK 80.05 per share giving Schibsted a
positive cash effect of approx. NOK 103 million as the price of the terminated
contract was lower, at NOK 77.25 per share.

Schibsted's financial exposure remains unchanged with the new TRS agreement.
Schibsted currently holds 344,803,374 shares in Adevinta (equal to approx.
28.15% of Adevinta's issued shares and approx. 29.58% of the votes). In
addition, Schibsted has a financial exposure to 36,748,289 shares (approx. 3% of
the shares in Adevinta) under the TRS.

Oslo, 2 March 2023
SCHIBSTED ASA

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835,
jbm@schibsted.com

More information:
Access the news on Oslo Bors NewsWeb site

584225_PDMR TRS.pdf