Schibsted ASA announced that with reference to its exchange announcement on 22 March 2024 related to the proposed capital return package and related to the approved proposals at Schibsted's Annual General Meeting on 26 April 2024, Schibsted intends to pay out the first tranche of the special cash dividend amounting to approximately NOK 18 billion in the first half of June 2024. The payout is based on the authority granted to Schibsted's Board at the Annual General Meeting on 26 April 2024. The key information in this announcement is indicative as the exact dates which are dependent on the settlement of the voluntary offer in Adevinta ASA (Adevinta') (Settlement) which is expected for 29 May 2024 as announced by Adevinta on 24 April 2024, and an approval by Schibsted's Board following the Settlement.

The payout of the first tranche of the special cash dividend amounting to approximately NOK 18 billion - resulting in a dividend of NOK 77.10 per class A and B share - will be structured in two parts since a part of the special cash dividend will be classified as a repayment of paid-in capital which is exempt from Norwegian withholding tax. Key information related to the first tranche of the special cash dividend classified as a repayment of paid-in capital: Dividend amount class A shares: NOK 4.58; Dividend amount class B shares: NOK 34.18; Ex-date: 30 May 2024; Record date: 31 May 2024; Payment date: 6 June 2024; Date of approval: 29 May 2024. Key information related to remaining part of the first tranche of the special cash dividend: Dividend amount class A shares: NOK 72.52.

Dividend amount class B shares: NOK 42.92. Ex-date: 30 May 2024. Record date: 31 May 2024.

Payment date: 7 June 2024. Date of approval: 29 May 2024 The second tranche of the special cash dividend as part of the total capital return package, amounting to another approximately NOK 2 billion, will, subject to approval by an Extraordinary General Meeting, be paid out in the third quarter 2024 based on an interim balance sheet.