Disclosure of shareholding - Schibsted ASA

Notification pursuant to Section 3.2 of the
Securities Trading Act

We wish to inform you with regards to Section 3.2 of
the Securities Trading Act; that on 20/12/2010, we
transferred 55,639 shares via an In-Specie out on
behalf of one of our clients, as well as purchased
6,220 on behalf of another of our clients, in
Schibsted ASA. This trade of the shares which were
purchased was priced at NOK170.02 per share. As a
result our percentage holding decreased below the 5%
disclosure threshold. The total number of controlled
by Taube Hodson Stonex Partners LLP as a result of
this trade is 5,369,011which represents 4.97 of
issued capital.

Additional information:
Please note that Taube Hodson Stonex Partners LLP is
a discretionary fund manager in the United Kingdom
and is authorised and regulated by the Financial
Services Authority in its investment business. THS
does not invest on its own behalf but invests on
behalf of its clients (that are large institutional
funds i.e. Pension Funds, Unit trusts) and controls
the shares on the client's behalf. Therefore please
understand that THS is not the legal owner of these
shares, and is making this disclosure as the
discretionary fund manager with control of the voting
rights of the shares.