Schibsted ASA (SCHA/SCHB) - First tranche of the special cash dividend approved

29 May 2024 17:14 CEST

29.5.2024 17:14:31 CEST | Schibsted | Additional regulated information required
to be disclosed under the laws of a member state

Reference is made to Schibsted ASA's ("Schibsted'') stock exchange announcement
on 22 March 2024 related to the proposed capital return package and the key
information announcement dated 24 May 2024.

The Board of Directors of Schibsted has today resolved to pay out the first
tranche of the special cash dividend amounting to approximately NOK 18 billion,
resulting in a dividend of NOK 77.10 per class A and B share. The resolution was
based on the authority granted to Schibsted's Board at the Annual General
Meeting on 26 April 2024.

The special cash dividend is structured in two parts since a part of the special
cash dividend, equal to NOK 4.58 per A share and NOK 34.18 per B share, will be
classified as a repayment of paid-in capital which is exempt from Norwegian
withholding tax. The remaining part of the dividend will be an amount of NOK
72.52 per A share and NOK 42.92 per B share.

The last day the shares are traded including right to the dividends is today, 29
May 2024. The ex date will be 30 May 2024. Please refer to the key information
announcement on 24 May 2024 for additional information on the first tranche of
the special cash dividend.


Oslo, 29 May 2024
SCHIBSTED ASA

DISCLOSURE REGULATION

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

CONTACTS

* Malin Ebenfelt, Investor Relations Officer, +47 916 86 710, ir@schibsted.com

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/3161/4577/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

620074_Download announcement as PDF.pdf