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

Schibsted Media Group has on 20 May 2016 sold 14,976 treasury B-shares to participants in the Employee Share Saving Plan at a price of NOK 246.50 per B-share (the closing price 13 May 2016). 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 2016.

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

An additional share allotment of 1,082 B-shares in a previous share based program is also transferred at a price of NOK 246.50 per B-share.

After the transactions Schibsted ASA holds 293,011 treasury A-shares and 395,935 treasury B-shares.

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

Oslo, 20 May 2016
SCHIBSTED ASA

Anders Christian Rønning
IRO