The Board of Directors of Scandinavia Online AB (SOL) yesterday decided to fix the issue price to SEK 115 per share.Schibsted will sell 2,159,221 shares to Telia at this price.

As a result of the sale to Telia and the share issue, Schibsted will record a gain of approximately NOK 500 mill. in the 2nd quarter og which approximately 60% is a result of reduced ownership due to the share issue.

The SOL share will be listed from June 7th 2000 under the ticker SCOL in Stockholm and SCO in Oslo.