Adevinta ASA: Contemplated sale of up to 15,000,000 existing shares in Adevinta
ASA


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Oslo, 8 December 2020. Arctic Securities AS and Skandinaviska Enskilda Banken AB
(publ.) (Oslo branch) (the "Managers") have been engaged by Blommenholm
Industrier AS (controlled by the Tinius Trust) (the "Seller") to explore the
sale of up to 15,000,000 existing shares in Adevinta ASA (the "Company")
representing approximately 2.2% of the outstanding shares in Adevinta ASA (the
"Transaction"). The Transaction is to be conducted by way of an accelerated
bookbuilding process. A further announcement will be made following pricing of
the sale.

Blommenholm Industrier AS is the largest shareholder in Schibsted ser. A and
ser. B with a 26.4% and 23.0% shareholding respectively, and has significant
exposure to Adevinta ASA through this stake. The purpose of the placement is to
free up liquidity and increase the financial flexibility of the Seller. The
Seller will remain a large and long-term shareholder in Schibsted ASA and
remains highly comfortable about the prospects for Adevinta ASA and Schibsted
ASA.



The bookbuilding process will commence immediately following the publication of
this announcement and may be closed at short notice at the full discretion of
the Managers. A further announcement will be made following pricing of the
shares in the Transaction. The Seller reserves the right, at its own discretion,
to sell fewer shares or no shares at all. 



Assuming all the shares available in the Transaction are sold, the Seller will
retain 23,992,516 shares in the Company. The Seller will enter into a lock-up
agreement for a period of 90 days for its remaining shares.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of
Adevinta ASA by Terje Seljeseth and on the board of Schibsted ASA by Ole Jacob
Sunde and Karl-Christian Agerup. The Seller is a primary insider in both
Adevinta ASA and Schibsted ASA, and subject to disclosure duties under the
Norwegian Securities Trading Act Section 4-2. 



Important Notice

The distribution of this announcement and the offer and sale of the shares in
certain jurisdictions may be restricted by law. The shares may not be offered to
the public in any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document relating to
the shares in such jurisdiction. No action has been taken by the Managers or any
of their affiliates that would permit an offering of the shares or possession or
distribution of this announcement or any other offering or publicity material
relating to such securities in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.



This press release is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase any
security of the Company in the United States or in any other jurisdiction where
such offer or solicitation is unlawful. The securities of the Company described
in this press release have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or any applicable
state or foreign securities laws and may not be offered or sold in the United
States absent registration or an exemption from the registration requirements of
the Securities Act.  There will be no public offering of securities in the
United States.

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