Schibsted ASA has entered into an option agreement to buy additional 5.9 % of the shares in TV4 from LRF. The agreement is entered into at a price slightly in excess of the latest quoted share price on December 30th 2004. The option gives Schibsted the right, but not the obligation to by the shares in the period 31 December 2004 to 31 May 2005. LRF has correspondingly the right but not the obligation to sell their shares to Schibsted in the period 1 -15 June 2005. If the purchase or sales option is exercised, it will give Schibsted 26 % ownership in TV4.
Oslo, 3 January 2005
CFO and Executive Vice President