Schibsted ASA (SCH) , Published 29/05/2002 13:24:56

The journalists in  VG and Aftenposten have gone on strike after a break in the collective bargaining round last night. 
Notices of leave of absence, effective within a couple of days, have been issued to the parties in the Schibsted Group included in the strike. 
Aftenposten has decided to publish a newspaper containing only advertisements in order  to maintain their advertising revenue. The net loss for the Schibsted Group due to the strike is estimated at approx. NOK 5-7 mill. daily during the period that the advertisement paper is published.
Oslo, 29. May 2002
Catharina Thorenfeldt
Vice President Investor Relations