10.12.2025 08:00:01 CET | Vend Marketplaces ASA | Non-regulatory press releases

Vend Marketplaces ASA ("Vend" or the "Company") has today signed a binding
agreement with Verdane Fund Manager AB ("Verdane") to sell its skilled trades
marketplace portfolio ("Mittanbud"): Mittanbud (Norway), Servicefinder (Sweden),
Remppatori (Finland), and 3byggetilbud.dk (Denmark). The transaction implies an
enterprise value of NOK 550 million.

Christian Printzell Halvorsen, CEO of Vend, comments:
"??This is a truly exciting new chapter for Mittanbud. Since its launch in 2009,
Mittanbud has delivered an impressive growth journey. What began as a small
Norwegian start-up within Schibsted has evolved into the leading marketplaces
for skilled trades in the Nordics, connecting millions of homeowners and
professionals every year. We are proud of what the team has achieved and look
forward to following Mittanbud's continued success under new ownership."

The sale of Mittanbud marks another important milestone in Vend's strategic
simplification journey. It reflects the Company's focus on sharpening its
marketplace portfolio and further streamlining the organisation. 

"We're deeply grateful for everything we've achieved together with Schibsted and
Vend over the past 16 years. Mittanbud has grown from a small start-up into a
leading Nordic skilled trades marketplace, thanks to a dedicated team. With
Verdane as our new owner, we're excited to build on this strong foundation and
accelerate our growth," comments Håvard Bungum, CEO of Mittanbud.

Max Carlsén, Principal at Verdane, said: "We are excited to partner with the
Mittanbud marketplaces team to help drive the next phase of its growth across
the European home services market. Mittanbud has built a leading position in the
Nordics, grounded in strong customer trust and a clear value proposition for
both homeowners and skilled professionals in the large and under-digitalised
home improvement market. With Verdane's experience in scaling digital consumer
platforms and marketplaces, we look forward to supporting the team as they enter
the next chapter."

The parties have signed the final transaction agreements, with completion
expected at the beginning of 2026, subject to customary regulatory approvals and
closing conditions.

Vend follows a disciplined capital allocation strategy. While maintaining a
conservative balance sheet, any surplus capital will be returned to shareholders
over time.

Macquarie Capital acted as the sell-side financial adviser, Advokatfirmaet BAHR
acted as legal adviser, and PwC acted as financial and tax adviser to the
seller.

Oslo, 10 December 2025
Vend Marketplaces ASA

CONTACTS

 * Jann-Boje Meinecke, SVP FP&A and Investor Relations, Vend Marketplaces ASA,
   +47 941 00 835, ir@vend.com 
 * Nathalie Kåvin, Head of Corporate Communication, Vend Marketplaces ASA,
   nathalie.kavin@vend.com 

ABOUT VEND MARKETPLACES ASA

Vend Marketplaces ASA ("Vend") is a family of marketplaces with a strong Nordic
position. As a leading marketplaces company within Mobility, Real Estate, Jobs
and Recommerce, we provide effortless digital experiences designed for the needs
of tomorrow. We do it with a clear sense of purpose, to create sustainable value
and long-term growth, for all our stakeholders and society as a whole.

Vend has an ownership share of 14% in Adevinta, a company that was spun off in
2019 and is now privately owned by a group of investors.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18745281/6621/Download%20announce
ment%20as%20PDF.pdf