Schibsted ASA (SCHA/SCHB) - Renewed TRS agreement in Adevinta ASA

Today, Schibsted extended the duration of its total return swap ("TRS") agreement with Danske Bank A/S ("Danske") with financial exposure to 36,748,289 shares in Adevinta by terminating the TRS agreement announced on 2 March 2023, and entering into a new TRS agreement. The expiry date of the new TRS agreement is 13 June 2024.

The price in the new TRS agreement is NOK 78.65 per share giving Schibsted a negative cash effect of approx. NOK 51 million as the price of the terminated contract was higher at NOK 80.05 per share.

Schibsted’s financial exposure remains unchanged with the new TRS agreement. Schibsted currently holds 344,803,374 shares in Adevinta (equal to approx. 28.15% of Adevinta's issued shares and approx. 29.58% of the votes). In addition, Schibsted has a financial exposure to 36,748,289 shares (approx. 3% of the shares in Adevinta) under the TRS.

Oslo, 30 May 2023
SCHIBSTED ASA