An Extraordinary General Meeting of Schibsted ASA was held on 10 March
2009 at the company’s premises in Apotekergaten 10 in Oslo.
In accordance with the proposal from the Board of Directors, the General Meeting resolved to approve the addendum to the merger plans for mergers between mergers between Aftenposten AS and Nye AP AS, Bergens Tidende AS and Nye BT AS, Fædrelandsvennen AS, Fædrelandsvennens trykkeri AS and Nye FV AS, Stavanger Aftenblad AS and Nye SA AS, by issue of consideration shares in Media Norge ASA, with appendices, as this had been presented to the General Meeting.
See attached the complete minutes of the ordinary general meeting.
The addendum to the merger plans makes the following amendments to the merger plans for Media Norge
– The IPO of Media Norge is to take place when the future group board finds the conditions suitable, and no later than 7 years after the merger is carried out.
– The voting power of Schibsted is to be regulated in the period until Schibsted’s sell down. Schibsted will through the two first years be allowed to vote for up to 50.1% and in the following five years for up to 65%.
– If the IPO of Media Norge and Schibsted’s sell down takes place more than two years after the merger, Schibsted will be allowed to own 65%.
Contacts: CFO of Media Norge ASA, Gisle Glück Evensen, e-mail: gisle.gluck.evensen@medianorge.no, telephone: +47 918 00 566, or the Chairman of the Board of Directors of Schibsted ASA, Mr. Ole Jacob Sunde, e-mail: ole.jacob.sunde@formue.no, telephone +47 24 12 44 00.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)