Schibsted ASA (SCH) - Milanuncios acquisition expected to be closed in Q3 2014

Reference is made to the announcement of 24 April 2014 regarding expected closing of the acquisition of Milanuncios.com, a Spanish online classifieds site.

The acquisition agreement was filed with the Spanish Competition Authority (CNMC) on 24 April 2014, and Schibsted at the time expected the agreement to be cleared by the authority in due time to close the transaction by the end of Q2 2014.

Today CNMC has made public that it will need additional time to analyse the market in order reach a conclusion, and that the Council has decided to take the case to "phase 2". Schibsted expects the transaction to be closed by the end of Q3 2014.

Contact person:
Trond Berger, CFO. Tel: +47 916 86 695

Oslo, 10 June 2014
SCHIBSTED ASA

Jo Christian Steigedal
VP Investor Relations