Update on Svenska Dagbladet

Schibsted ASA (SCHA/SCHB) , Published 02/12/2015 09:00:00

With reference to the release date 12 May 2015 regarding letter of intent to form a new media group for subscription newspapers in Sweden including Svenska Dagbladet and MittMedia.

Since the announcement, Schibsted and MittMedia have held constructive talks, but the parties have concluded that the preconditions for a transaction are not in place at the current point in time. The letter of intent will hence expire this week.

Schibsted still believes that collaboration between the subscription newspapers would be beneficial, and will continue to be open minded for structural solutions in the market.

Oslo, 2 December 2015

Jo Christian Steigedal
Head of IR

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.