Reference is made to the stock announcement published by Schibsted ASA ("Schibsted") earlier today regarding the successful closing of Blommenholm Industrier AS' acquisition of all issued and outstanding shares (100%) in Schibsted Media AS from Schibsted (the "Transaction"). Schibsted Media AS owns approximately 29.45% of the issued shares and votes in Polaris Media ASA (the "Company").

As a result of the Transaction, Blommenholm Industrier AS will increase its indirect and direct shareholding in the Company from 1,900,000 shares to 16,331,469 shares, equal to approximately 33.32% of the shares and votes in the Company, whereas 1,900,000 shares are held directly by Blommenholm Industrier AS while the remaining 14,431,469 shares in the Company are held by Schibsted Media AS.

Schibsted will not, directly or indirectly, hold any shares in the Company following completion of the Transaction.

Blommenholm Industrier AS is a close associate of chair of the board of the Company, Trond Berger. As the value of the shares in Schibsted Media AS, amongst other, depend on the value of the shares in the Company, please see attached notification forms for further details on the Transaction by the said close associate.

This information is subject to disclosure requirements pursuant to article 19 of Regulation EU 596/2014 (the EU Market Abuse Regulation) and sections 4-2 and 5-12 of the Norwegian Securities Trading Act. 

Contact information:

Jørgen Aune
CFO
+47 950 82 656
jorgen.aune@polarismedia.no