The Board of Alma Media has on 13 January 2005 issued a stock exchange release to convene an Extraordinary General Meeting to be held on 31 January 2005 to authorize the Board of Alma Media to sell the broadcasting division or to participate in other measures related to the restructuring of the broadcasting sector. In view of all circumstances, Schibsted is of the view that it is entitled to invoke the condition for completion of the tender offer contained in section 2.3 item 3) of the tender offer document dated 3 January 2005 (a “Material Adverse Change”) and that it does not have an obligation to complete the tender offer unless it decides to waive such condition.
Oslo, 14 January 2005
CFO and Executive Vice President
THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND THIS PRESS RELEASE MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW BY ANY MEANS WHATSOEVER INCLUDING, WITHOUT LIMITATION, MAIL, FACSIMILE TRANSMISSION, E-MAIL OR TELEPHONE.