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

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

Schibsted Media Group has on 20 May 2016 sold 14,976 treasury B-shares to

participants in the Employee Share Saving Plan at a price of NOK 246.50 per B-

share (the closing price 13 May 2016). The shares will be transferred to the

participants in the coming days. The transaction is related to the first

enrolment window in the Employee Share Saving Plan for 2016.

Shares sold and transferred to primary insider employees are disclosed in the

attachment.

An additional share allotment of 1,082 B-shares in a previous share based

program is also transferred at a price of NOK 246.50 per B-share.

After the transactions Schibsted ASA holds 293,011 treasury A-shares and

395,935 treasury B-shares.

For more information on the employee share saving plan please refer to the

disclosure published 9 April 2014.

Oslo, 20 May 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#2014282]