Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade

Schibsted Media Group has on 24 May 2017 sold 16,406 treasury B-shares to participants in the Employee Share Saving Plan at a price of NOK 189.00 per B-share (the closing price 16 May 2017). The shares will be transferred to the participants in the coming days. The transaction is related to the first enrolment window in the Employee Share Saving Plan for 2017.

In addition, Schibsted Media Group has on 24 May 2017 transferred 2,667 treasury A-shares to participants in the Employee Share Saving Plan at a value of NOK 206.20 per A-share (the closing price 18 May 2017). The shares will be transferred to the participants in the coming days. The transaction is related to bonus matching shares given to employees who enrolled in the Employee Share Saving Plan for 2015.

Shares sold and transferred to primary insider employees and allocated bonus shares are disclosed in the attachment.

After the transactions Schibsted ASA holds 265,817 treasury A-shares and 335,554 treasury B-shares.

For more information on the employee share saving plan please refer to the disclosure published 9 April 2014.

Oslo, 26 May 2017
SCHIBSTED ASA

Espen Risholm
IRO