Divestment of ownership in Hugin AS

Schibsted ASA (SCH) , Published 12/12/2006 08:32:21

Schibsted ASA has entered into an agreement with Euronext concerning a sale of 542,491 shares in Hugin for EUR 4.7 million. The shares are equivalent to 25.7% of the total share capital in the company. The accounting gain for Schibsted will be approx. NOK 30 million based on the current exchange rate.
The transaction is expected to be completed before the end of the year
CFO in Schibsted Trond Berger, telephone + 47 916 86 695
Oslo, December 12th, 2006
Schibsted ASA