Schibsted ASA (SCHA/SCHB) - Schibsted to spin off and IPO international online classifieds - Seite 3

After the transaction, Schibsted ASA will consist of the following clusters of assets:

• Publishing - VG, Aftenposten, Aftonbladet, Svenska Dagbladet and other regional and local news organizations in Norway: Leading, agenda-setting news organizations with well developed digital products and revenue models
• Classifieds - Finn.no, Blocket.se and Tori.fi - the clear leaders in digital marketplaces in the Nordics with deeply entrenched market positions in verticals, generalist marketplaces and adjacent business areas.
• Personal Finance - Lendo, Bynk, Hypoteket and other operations within personal finance and fintech, with international potential
• New growth initiatives - Prisjakt, Let's Deal and other existing and new digital services aiming to disrupt existing markets.
• A significant active ownership stake in MPI.

Finn and Blocket will maintain a close relationship with MPI in order to exchange best practice and share product development in relevant areas.

"I am very happy to welcome Kristin Skogen Lund as Schibsted's new CEO. I am convinced that she is just the right leader for the next phase of Schibsted's journey," Chair of the Schibsted Board Ole Jacob Sunde says.

Kristin Skogen Lund has worked for Schibsted for twelve years until 2010 when she became EVP at Telenor with the responsibility for Telenor Nordic, a business with a turnover of EUR 6 billion. She was an important contributor to Telenor's digital transformation, initiating and leading Telenor Digital Services. For the last six years, she has been a skillful and prominent leader of the Norwegian Business Confederation of Enterprise. During this period, she served on the Board of Ericsson, the Swedish technology company.

"Schibsted is an impressive company with an important role in society. A company that has tackled demanding transformations, and that truly has innovation as a key pillar in its DNA. I am proud and humble to have the opportunity to help Schibsted build on its already strong positions, and equip the two companies for the future," says Kristin Skogen Lund.

Rolv Erik Ryssdal will continue as CEO until Kristin Skogen Lund joins Schibsted, most likely by the end of 2018.

MPI

As one of the global market leaders in online classifieds, MPI (preliminary name) is dedicated to providing perfect matches on the world's most trusted marketplaces and to creating value for buyers and sellers.