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

Schibsted Media Group has on 28 July 2016 sold 16,941 treasury B-shares to participants in the Employee Share Saving Plan at a price of NOK 255.00 per B-share (the closing price 22 July 2016). The shares will be transferred to the participants in the coming days. The transaction is related to the second enrolment window in the Employee Share Saving Plan for 2016.

In addition, Schibsted Media Group has on 28 July 2016 transferred 9,397 treasury A-shares to participants in the Employee Share Saving Plan at a value of NOK 267.90 per A-share (the closing price 25 July 2016). 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 first enrolment window in the Employee Share Saving Plan for 2014.

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

After the transactions Schibsted ASA holds 283,614 treasury A-shares and 378,994 treasury B-shares.

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

Oslo, 29 July 2016
SCHIBSTED ASA

Anders Christian Rønning
IRO