Schibsted management calls options

Schibsted ASA (SCH) , Published 05/01/2007 07:33:06

In accordance with the option program for key personnel at the Schibsted Group, General Manager in VG Multimedia AS Torry Pedersen has exercised 3,750 options. The options were granted in 2004 with a strike price of NOK 120 per share.
Schibsted ASA has as a consequence of the exercise, sold 3,750 shares from the stock of own shares at strike price. The shares were subsequently sold through the Oslo Stock Exchange at the average price of NOK 223.69 per share. After the transaction Schibsted ASA holds 2,369,872 own shares.
The transactions took place on January 4 2007.
Torry Pedersen is no longer a part of the option program and has therefore not made any reinvestment. After the exercise, Torry Pedersen holds no options in the Schibsted share. 
Oslo, January 4 2007