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

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

Schibsted has on 11 October 2016 bought 19,000 Schibsted B-shares (SCHB) through

broker at an average price of NOK 197.0438 per share.

The buyback is conducted in accordance with the authorization provided by the

Annual General Meeting to the Board of Directors on 11 May 2016.

The purpose of the buyback is to increase the number of treasury shares

available for use in connection with Schibsted's ordinary stock- and incentive

program for own employees.

After the transaction Schibsted holds 283,614 own A-shares and 455,274 B-shares.

Contact persons:

Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Oslo, 12 October 2016

SCHIBSTED ASA

Jo Christian Steigedal

Head of IR

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.