NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ORJAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.Oslo ,12 October 2020 .Arctic Securities AS (the "Manager") has been engaged by a financial investor (the "Seller") to explore the sale of up to 1,600,000 existing shares inSchibsted ASA (the "Company"), consisting of i) up to 800,000 existing shares in Schibsted ser. A, corresponding to 0.74% of shares outstanding in Schibsted ser. A and ii) up to 800,000 existing shares in Schibsted ser. B, corresponding to 0.61% of shares outstanding in Schibsted ser. B. (the "Transaction"). The Transaction is to be conducted by way of an accelerated bookbuilding process. 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 Manager. 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. The Seller is not a primary insider in the Company. 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 Manager or any of its 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 inthe 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 theU.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 inthe United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities inthe United States .
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