Vend Marketplaces ASA (VENDA/VENDB) - Scope upgrades issuer rating of Vend Marketplaces ASA to BBB+ with Stable Outlook

11 Jun 2025 14:35 CEST

11.6.2025 14:35:12 CEST | Vend Marketplaces ASA | Additional regulated
information required to be disclosed under the laws of a member state

The upgrade reflects the sustainable improvement in the financial risk profile
of the issuer in light of its ongoing divestment and reorganization programme.

Scope Ratings UK Limited (Scope) has upgraded Vend Marketplaces ASA's (Vend's)
issuer rating to BBB+/Stable from BBB/Positive. Scope has also upgraded Vend's
senior unsecured debt rating to BBB+, while its short-term debt rating is
affirmed at S-2.

The upgrade reflects the improvement in the company's financial metrics in light
of the ongoing reorganisation, starting with the divestment of its news media
operations and partial sale of Adevinta shares in 2023 and 2024. Following the
conclusion of the reorganization program (expected by H1 2026), which includes
the sale of remaining ancillary businesses such as Lendo, Prisjakt, and
Delivery, among others, Scope expects the company to maintain the strong
improvement in credit metrics.

The latest information on the rating, including rating reports and related
methodologies, is available at:
https://www.scoperatings.com/ratings-and-research/rating/EN/178898

Oslo, 11 June 2025
SCHIBSTED ASA

DISCLOSURE REGULATION

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

CONTACTS

* Catharina Thorenfeldt, Group Treasurer, +47 916 86 692,
catharina.thorenfeldt@vend.com
* Jann-Boje Meinecke, SVP FP&A and Investor Relations, +47 941 00 835,
ir@vend.com

ABOUT VEND MARKETPLACES ASA

Vend Marketplaces ASA ("Vend") is a family of marketplaces with a strong Nordic
position. As a leading marketplaces company within Mobility, Real Estate, Jobs
and Recommerce, we provide effortless digital experiences designed for the needs
of tomorrow. We do it with a clear sense of purpose, to create sustainable value
and long-term growth, for all our stakeholders and society as a whole.

Vend has an ownership share of 14% in Adevinta, a company that was spun off in
2019 and is now privately owned by a group of investors.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18561134/6182/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

648880_Download announcement as PDF.pdf