Vend Marketplaces ASA: Divestment of Lendo Group completed

10 Mar 2026 15:24 CET

10.3.2026 15:24:30 CET | Vend Marketplaces ASA | Non-regulatory press releases

Today, Vend Marketplaces ASA ("Vend" or the "Company") announces the successful
completion of the sale of the financial services marketplace, Lendo Group
("Lendo"), to Clar Global AB. The transaction was initially announced on 19
September 2025.

The completion of this transaction marks a milestone in Vend's strategic
simplification agenda. It reinforces the Company's commitment to transforming
into a pure-play marketplace company focused entirely on its four core Nordic
verticals: Mobility, Real Estate, Jobs, and Recommerce. This closing builds on a
track record of disciplined execution, following the recent divestments of
Prisjakt in Q2 2025 and the skilled trades marketplace portfolio ("Mittanbud")
in January 2026.

"The successful closing of the Lendo transaction is another proof point in our
ongoing simplification journey. Combined with the recent exits of Prisjakt,
Mittanbud and a significant part of our venture portfolio, we have rapidly
streamlined our portfolio to focus Vend's resources entirely on accelerating
growth within our core Nordic verticals," says Christian Printzell Halvorsen,
CEO of Vend.

Through the recent divestments of Mittanbud and Lendo, Vend has generated
combined cash proceeds of approximately NOK 1.3 billion. Following the
announcement on 27 February 2026 regarding the expected capital distribution of
EUR 282 million (approximately NOK 3.2 billion) from the sale of Adevinta Spain,
Vend has in total received cash proceeds of approximately NOK 4.5 billion from
these exits in Q1 2026.

In line with our capital allocation policy, Vend intends to return these
combined proceeds to its shareholders.

"We are currently executing on a NOK 2 billion share buyback programme, having
repurchased approximately NOK 1.5 billion to date. Our primary focus remains on
share buybacks to distribute surplus capital, and an update on the specific
structure and timing will be provided in due course," says Per Christian
Mørland, CFO of Vend.

Oslo, 10 March 2026
Vend Marketplaces ASA

CONTACTS

* Jann-Boje Meinecke, SVP FP&A and Investor Relations, Vend Marketplaces ASA,
+47 941 00 835, ir@vend.com
* Nathalie Kåvin, Head of Corporate Communication, Vend Marketplaces ASA, +47
93401363, nathalie.kavin@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/17847482/18829699/6883/Download%20announce
ment%20as%20PDF.pdf

More information:
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