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

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

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2031761]