Allotment of options

Schibsted ASA (SCH) , Published 15/10/2007 08:56:13

Bob van Dijk today enters the position as Chief Operating Officer at International Classifieds. He comes from the position as Managing Director of EBay and Marktplaats in the Netherlands.
Upon arrival Bob van Dijk enters Schibsted’s option program and is given 7,500 options in the Schibsted share. He now holds a total of 7,500 options and no shares.
The exercise price of NOK 302.1 is based on the share price one week prior to and one week following the Annual General Meeting on 10 May 2007. The options are earned during a three year period. This year’s allotment may to be exercised between 1 January 2010 and 31 December 2011.
The aim with the option program is to increase the top management’s holdings in the Schibsted share. Associated with the option program there is an obligation to reinvest and to hold a minimum amount of Schibsted shares.
Oslo, 15 October, 2007