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

Schibsted Media Group has on 1 March 2016 sold 21,068 treasury A-shares to participants in the Employee Share Saving Plan at a price of NOK 237.60 per A-share (the closing price 23 February 2016). The shares will be transferred to the participants in the coming days. The transaction is in relation to the fourth enrolment window in the Employee Share Saving Plan for 2015.

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

After the transaction Schibsted ASA holds 293,011 treasury A-shares and 507,479 treasury B-shares.

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

Oslo, 2 March 2016
SCHIBSTED ASA

Anders Christian Rønning
IRO