ADEVINTA ASA 18.6.2021 10:59:51 CEST | Schibsted | Inside information Following an announcement by the Austrian Federal Competition Authorities (the "FCA ") today,Schibsted ASA confirms that theFCA has approved the remedies proposed byAdevinta ASA ("Adevinta ") andeBay Inc. ("eBay") to resolve the competition concerns raised by theFCA in relation toAdevinta's acquisition ofeBay Classifieds Group ("eCG"), the global classifieds arm of eBay ("the transaction"). The remedies proposed byAdevinta and eBay address theFCA's concern that the transaction could potentially lessen competition in the Austrian market between eBay.at - http://ebay.at and Willhaben,Adevinta's joint venture business inAustria . The commitments include a reduction by eBay of its financial interest inAdevinta to at least 33% within 18 months following closing of the transaction, so as to reduce its indirect economic interest in Willhaben. Additionally,Adevinta has agreed to prevent the flow of information about Willhaben to eBay, as well as to restrict eBay's potential influence over the strategic operations of Willhaben. Approval of the remedies from theFCA marks a significant milestone, as all regulatory approvals required for closing the transaction have now been received. Consequently,Adevinta announces that closing of the transaction will be initiated shortly and is expected to complete on or about25 June 2021 . Schibsted's acquisition ofeBay Classifieds' Danish businesses, DBA.dk - http://dba.dk and Bilbasen.dk - http://bilbasen.dk, will be completed immediately upon closing of the transaction betweenAdevinta and eBay. Schibsted remains supportive of the proposed transaction and looks forward to closing. The companies involved will make further announcements once the transactions have been completed.Oslo ,18 June 2021 SCHIBSTED ASA ContactsAdevinta :Mélodie Laroche Head of Corporate Communications,Adevinta +33 (0) 6 84 30 52 76 melodie.laroche@adevinta.com / press@adevinta.com Schibsted:Atle Lessum Head of Group Communications +47 415 05 645 atle.lessum@schibsted.comMalin Langtvet Investor Relations Officer +47 916 86 710 ir@schibsted.com DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. ABOUT SCHIBSTED Schibsted is a family of digital brands with a strong Nordic position, and more than 5,000 employees. Millions of people enjoy interacting with our companies every day through our online marketplaces such as FINN,Blocket and Oikotie; our media houses including Aftenposten, VG and Aftonbladet; and digital services like Lendo. We also help new promising businesses grow. Our joint mission of empowering people in their daily lives is rooted in the values of our media heritage and a legacy of bold change. At our best, we are a fearless force for change in a society built on trust and transparency. Schibsted is listed on Oslo Børs and holds a majority ownership inAdevinta , a company that was spun off and publicly listed as a separate company on Oslo Børs in 2019. ATTACHMENTS Download announcement as PDF.pdf - https://kommunikasjon.ntb.no/ir-files/17847482/646/860/Download%20announcement%2 0as%20PDF.pdf
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