Schibsted: Schibsted ASA (SCH) - SnT Classifieds and 701 Search joint ventures - detailed stock exchange announcement

Schibsted: Schibsted ASA (SCH) - SnT Classifieds and 701 Search joint ventures
                    - detailed stock exchange announcement

Detailed Stock Exchange announcement - addition to the notice release 30
September 2013 "Schibsted, Telenor and Singapore Press Holdings join forces to
expand in online"

Board of Directors in SnT Classifieds:
The current board is Jacob Andreas Møller, M&A Schibsted ASA and Per Sigvald
Austrheim, M&A Telenor ASA. The board will shortly be replaced by three board
members from each of the parties. Terje Seljeseth CEO of SCM will be the
Chairman of the board.

CEO SnT Classifieds:
Andries Oudshoorn

Board of Directors in 701 Search Pte:
Frode Nordseth, Senior Vice President SCM
Robert Steen, Vice President SCM
Leslie Fong, Senior Executive Vice President,SPH
Willie Cheng, board member of SPH was until 26^th of September a board member
of 701. No replacement from SPH has been announced.

CEO 701 Search Pte:
Julian Tan

Significant parts of the operations that are part of the two new joint
ventures are relatively newly formed start-ups in Investment phase. For
further information on the structure and strategic rationale, please refer to
announcement made 30 September 2013.

Key figures for SnT Classifieds and 701 Search Pte. (the contribution to
Schibsted ASA's group accounts; i.e. 100% of SnT Classifieds and 50% of 701
Search Pte.):

1000 EUR                          2012     2011    2010
Operating revenue                6,359    5,584   5,357
Gross operating profit (loss) (39,140) (18,070) (2,453)
Operating profit (loss)       (39,510) (18,334) (2,711)
Profit (loss)                 (39,604) (18,394) (2,661)
                                             
Total assets                    13,712   12,428   6,523
Equity                           5,522    6,692 (3,442)
                                             
Number of employees                303      205     174

                             Oslo, 2 October 2013
                                SCHIBSTED ASA



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

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Source: Schibsted via Thomson Reuters ONE
HUG#1732921
 
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