$323 Million Accelerated Bookbuilt Offering of B-Shares of Schibsted ASA

September 28, 2015

Cleary Gottlieb represented Schibsted ASA in the private placement of its B-shares to institutional investors in Norway and internationally through an accelerated bookbuilding process. Schibsted retained Skandinaviska Enskilda Banken AB (publ.), Oslo branch and Goldman Sachs International as joint bookrunners in connection with the offering.

The Company sold a total of 10,800,361 million B-shares, representing 5.0% of the Company’s total outstanding share capital and 10.0% of its total outstanding B-shares, at a price of NOK 246 per B-share, resulting in gross cash proceeds of NOK 2.66 billion, or approximately $323 million. The offering closed on September 14.

Schibsted Media Group is an international media group with 6,800 employees in 30 countries. It invests in online classified marketplaces and digital media companies.