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Utskriftsdato 10.5.2021 Adevinta ASA Innsendt Dato: 01.04.2019 08:15 Utstederid: ADE Meldingsid: 473426 Instrument

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Utskriftsdato 10.5.2021 Adevinta ASA Innsendt Dato: 01.04.2019 08:15 Utstederid: ADE Meldingsid: 473426 Instrument Adevinta ASA Innsendt dato: 01.04.2019 08:15 UtstederID: ADE MeldingsID: 473426 Instrument: - Marked: XOSL Kategori: ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON Informasjonspliktig: Ja Lagringspliktig: Nei Vedlegg: Tittel: Adevinta ASA – Announcement of terms of the Offering, publication of prospectus and commencement of bookbuilding and application periods NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. Adevinta ASA – Announcement of terms of the Offering, publication of prospectus and commencement of bookbuilding and application periods Oslo, 1 April 2019: Reference is made to the stock exchange announcement published on 25 March 2019 regarding the intention to list the shares of Adevinta ASA ("Adevinta") on the Oslo Stock Exchange. Adevinta hereby announces the terms of the offering of B- shares by Schibsted ASA ("Schibsted") and Blommenholm Industrier AS (controlled by the Tinius Trust) (together, the "Selling Shareholders") (the "Offering"), the publication of Adevinta’s prospectus dated 1 April 2019 (the “Prospectus”) and the commencement of the bookbuilding and application periods for the Offering. Subject to approval of the listing application and completion of the demerger of Schibsted’s classified media business outside the Nordics as further defined in the Prospectus (the “Demerger”), the shares of Adevinta (the "Shares") are expected to trade on the Oslo Stock Exchange on 10 April 2019 under the tickers "ADEA" and "ADEB" for the A-Shares and B-Shares, respectively (subject to any postponement of the completion of the Demerger). The Offer Shares (as defined below) will be offered for sale within an indicative price range of between NOK 70 and NOK 82 per Offer Share. The final price per Offer Share (the "Offer Price"), may, however, be set above or below this indicative price range. The Offering will comprise up to 36,893,081 B-shares ("Sale Shares") to be offered by the Selling Shareholders. In addition, the Joint Global Coordinators (as defined below) may over-allot up to 5,533,962 additional B-Shares (the "Additional Shares", and together with the Sale Shares, the "Offer Shares"), equal to approximately 15% of the number of Sale Shares to be sold in the Offering. In order to facilitate such over-allotments, the Selling Shareholders are expected to (i) lend to the Joint Bookrunners a number of Shares equal to the number of Additional Shares, and (ii) grant the Joint Bookrunners an over-allotment option to purchase a number of Shares equal to the number of Additional Shares to cover any over-allotments made in connection with the Offering. It is expected that the Offering will comprise up to 5.4% of the total number of outstanding Shares of Adevinta at the time of completion of the Demerger (excluding any Additional Shares), and up to 6.2% including any Additional Shares. The Selling Shareholders will receive the proceeds from the Offering. If all the Offer Shares are sold in the Offering, the free float of Adevinta following completion of the Offering and Demerger would be 40.7%. Schibsted will retain an ownership in Adevinta of at least 59.3% and Blommenholm Industrier AS will own at least 7.8% of the Shares, following completion of the Demerger and sale of all the Offer Shares. The Selling Shareholders and Adevinta are expected to enter into a customary lock-up period of 180 days from the commencement of trading on the Oslo Stock Exchange. In addition, the members of Adevinta's management and board are expected to enter into a 360 days lock-up period. The lock-up agreements are subject to customary exceptions. 1 Utskriftsdato 30.9.2021 Offering details The Offering will comprise: (i)an institutional offering, in which Offer Shares are being offered to (i) investors in Norway, (ii) institutional investors outside Norway and the United States pursuant to applicable exemptions from local prospectus requirements and other filing requirements, and (iii) in the United States, to QIBs as defined in, and in reliance on, Rule 144A under the U.S Securities Act; in each case subject to a lower limit per application of NOK 2,500,000 for each investor; and (ii)a retail offering, in which Offer Shares are being offered to the public in Norway subject to a lower limit per application of NOK 10,500, and an upper limit per application of NOK 2,499,999, for each investor. Investors who intend to place an order in excess of an amount of NOK 2,499,999 must do so in the Institutional Offering. All offers and sales outside the United States will be made in compliance with Regulation S of the U. S. Securities Act. Further details on the Offering and the terms thereof are set out in the Prospectus, which has been approved by the Financial Supervisory Authority of Norway and published today. The Prospectus and the application form for the retail offering are, subject to regulatory restrictions in certain jurisdictions, available at www.adevinta.com, www.seb.no and www.arctic.no from the commencement of the Bookbuilding Period and the Application Period (each term as defined below). Hard copies of the Prospectus may also be obtained free of charge at Adevinta's offices at Grensen 5, 0159 Oslo, Norway. Time line and Offering period The bookbuilding period for the institutional offering will commence on 1 April 2019 at 09:00 hours (CET) and end on 9 April at 15:00 hours (CET) (the "Bookbuilding Period"), and the application period for the retail offering will commence on 1 April 2019 at 09:00 hours (CET) and end on 9 April 2019 at 12:00 hours (CET) (the "Application Period"), both subject to shortening or extensions. The Offer Price and the final number of Offer Shares will be determined by Schibsted, in consultation with the Joint Global Coordinators, after completion of the Bookbuilding Period. The announcement of the Offer Price is expected to take place on or around 9 April 2019 with trading of the Shares on the Oslo Stock Exchange expected to commence on or around 10 April 2019 under the tickers "ADEA" and "ADEB" for Adevinta's A-shares and B-shares, respectively. Conditions for the completion of the Offering Completion of the Offering will be conditional upon (i) Oslo Børs approving the application for listing of the Shares in Adevinta in its meeting expected to be held on or about 4 April 2019 and the satisfaction of the conditions for admission to trading set by the Oslo Stock Exchange, which are expected to be that for both share classes (a) Adevinta obtains a minimum of 500 shareholders, each holding Shares with a value of more than NOK 10,000, and (b) there being a minimum free float of the Shares of 25%; and (ii) completion of the Demerger; (iii) Schibsted, in consultation with the Joint Global Coordinators, having approved the Offer Price and, together with Adevinta, the allocation of the Offer Shares to eligible investors following the bookbuilding; and (iv) Adevinta, the Selling shareholders and the Managers having entered into a placing agreement for the Offering. There can be no assurance that these conditions will be satisfied. If the conditions are not satisfied, the Offering may be revoked or suspended. Advisers In connection with the Offering, J.P. Morgan Securities Plc (“J.P. Morgan”) and Skandinaviska Enskilda Banken AB (publ), Oslo branch (“SEB”) are acting as Joint Global Coordinators and Joint Bookrunners, and Arctic Securities AS is acting as Joint Bookrunner and Financial Advisor to the Tinius Trust (collectively, the “Managers”). Advokatfirmaet Wiersholm AS (as to Norwegian law) and Cleary Gottlieb Steen & Hamilton LLP (as to English and US laws) are acting as legal counsels to Adevinta and Schibsted, while Advokatfirmaet BAHR AS (as to Norwegian law) and White & Case LLP (as to English and US laws) are acting as legal counsels to the Joint Bookrunners. Enquiries Cassandra Lord, Director of Communications, Adevinta. Tel: +44 7809 214 347 Jo Christian Steigedal, VP Investor Relations, Schibsted. Tel: +47 415 08 733 About Adevinta ASA Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top- ranked Leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil. Important Notice These materials are not for distribution, directly or indirectly, in or into Australia, Canada, the Hong Kong special administrative region of the People’s Republic of China, Japan, South Africa or the United States or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions. 2 Utskriftsdato 30.9.2021 This document is not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Adevinta does not intend to register any part of the offering in the United States or to conduct a public offering of Shares in the United States.
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