Continuation of option program in Schibsted

SCHIBSTED ASA (SCH) , Published 21/06/2007 09:05:55

Options in the Schibsted share have been issued to cover the three-year rolling options program targeted at key persons within Schibsted. The aim with the options 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.  
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.
As a consequence of the change of managing director in Aftenposten, the present managing director will step out of the option program on 31 July 2007. The coming managing director will enter the option program and will be given 7,500 options upon arrival on 1 August.
The following persons are included in today’s allotment of options:

Contact person: 
Executive VP & CFO Trond Berger, mobile phone: +47 91686695.
Oslo, 21 June, 2007