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2016-05-13

Schibsted: Schibsted ASA (SCHA/SCHB) - Update on the Hemnet acquisition process

Blocket has received a draft statement of objections from the Swedish
Competition Authority detailing its concerns in relation to Blocket's planned
acquisition of Hemnet. In the statement, the Swedish Competition Authority
takes a negative view to the transaction in its current form. Schibsted will
continue its dialog with the Swedish Competition Authority to explore whether
commercially viable remedies can be offered to address the concerns
identified by the authority.

Contact person:
Trond Berger, CFO. Tel: +47 916 86 695

Oslo, 13 May 2016
SCHIBSTED ASA

Jo Christian Steigedal
Head of IR

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schibsted via Globenewswire

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