Vend Marketplaces ASA (VENDA/VENDB) - Notification from the Norwegian Tax Administration regarding VAT treatment of certain Schibsted-related media products (2020-2024)

23 Oct 2025 08:14 CEST

23.10.2025 08:14:43 CEST | Vend Marketplaces ASA | Non-regulatory press releases

Reference is made to the announcement by Schibsted Media AS ("Schibsted")
earlier today. Vend Marketplaces ASA ("Vend") has received a notification from
the Norwegian Tax Administration concerning the value added tax ("VAT")
treatment of VG+-related digital subscription products in Vend's former news
media operations for the period 2020-2024.

On 7 June 2024, Vend sold Schibsted to Blommenholm Industrier AS
("Blommenholm"). Vend is in the process of assessing the responsibility of any
potential tax liabilities under the share purchase agreement with Blommenholm.

Vend is reviewing the notification in detail and will engage with the Norwegian
Tax Administration to clarify and resolve the matter. There is considerable
uncertainty as to both outcome and timing. Based on information currently
available, Vend's total potential financial exposure towards the Norwegian Tax
Administration for unpaid VAT for the period 2020-2024 is estimated to be up to
NOK 500 million.

Vend will inform the market if and when material new information becomes
available.

CONTACTS

* Jann-Boje Meinecke, SVP FP&A and Investor Relations, Vend Marketplaces ASA,
+47 941 00 835, ir@vend.com
* Kristine Eia Kirkholm, Director of Communication, Vend Marketplaces ASA, +47
93 24 78 75, kristine.eia.kirkholm@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/17847482/18694836/6503/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

657761_Download announcement as PDF.pdf