Trondheim, 17 February 2025

Polaris Media ASA (the “Seller”) has today successfully sold 1,663,122 existing B-class shares in Schibsted ASA (the “Company” or “Schibsted”), representing approximately 0.71% of the share capital and 0.15% of the voting rights in the Company, at a price of NOK 305.60 per share for a total transaction size of c. NOK 500 million (the “Transaction”).

Following the Transaction, the Seller holds 3,218,304 B-class shares in the Company, representing approximately 1.38% of the share capital, and 0.28% of the voting rights in Schibsted. 

In connection with the Transaction, the Seller has committed to a 90-day lock-up period with the Manager (defined below) for the remaining shares in Schibsted that the Seller holds, subject to certain customary conditions. 

Skandinaviska Enskilda Banken (publ.) acted as sole financial advisor and bookrunner in connection with the Transaction (the “Manager”).


Contacts:
Per Axel Koch, CEO, +47 481 20 000, per.axel.koch@polarismedia.no
Jørgen Aune, CFO, +47 950 82 656, jorgen.aune@polarismedia.no


This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by CFO Jørgen Aune on the time and date provided.