In accordance with the option program for the top management, Executive Vice President Jan Erik Knarbakk has exercised 30,000 options. 15,000 options were granted in 2002 with a strike price of NOK 93 per share, and 15,000 options were granted in 2003 with a strike price of 98 per share. As a consequence of adjustments in the option program, the options granted in 2002 must be exercised before 31.12.2006 and the options awarded in 2003 must be exercised before 31.12.2007.
Schibsted ASA has as a consequence of the exercise, sold 30,000 shares from the stock of own shares at the above mentioned strike prices. After the transaction, Schibsted ASA holds 2 522 501 own shares.
Jan Erik Knarbakk has sold 26,550 shares through the Oslo Stock Exchange at the price of NOK 184.50. Mr. Knarbakk now holds 7,973 shares.
The transactions took place on February 15 2006.
Oslo, February 16 2006
Gisle Glück Evensen