Management calls options and Schibsted sells shares

Schibsted ASA (SCH) , Published 20/02/2007 07:44:16

In accordance with the option program for the top management, Executive Vice President Gunnar Strömblad has exercised 7,500 options. The options were granted in 2004 with a strike price of NOK 120.00 per share. As a consequence of adjustments in the option program, the options granted in 2004 may be exercised between 01.01.2007 and 31.12.2008. Associated with the option program there is an obligation to reinvest and to hold a minimum amount of Schibsted shares.
Schibsted ASA has as a consequence of the exercise, sold 7,500 shares from the stock of own shares at the above mentioned strike prices. After the transaction, Schibsted ASA holds 2,362,372 own shares.
Gunnar Strömblad has sold 6,595 shares through the Oslo Stock Exchange at the price of NOK 260.00. Mr. Strömblad now holds 3,045 shares.
The transactions took place on 19 February 2007.
Oslo, 20 February 2007