NOTE 34 SUBSIDIARIES. The following subsidiaries were directly and indirectly owned as at :

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1 NOTE 34 SUBSIDIARIES The following subsidiaries were directly and indirectly owned as at : Online classifieds Location Finn.no AS Oslo 90.01% 89.88% Eiendomsprofil AS Bergen 40.64% 40.58% Finn Eiendom AS Oslo 79.68% 79.56% Finn SMB AS Oslo 90.01% 89.88% Lendo AS Oslo 90.01% 89.88% Mittanbud.no AS Oslo % % Penger.no AS Oslo 90.01% 89.88% Personal Finance AS Oslo 90.01% 89.88% Sentinel Software AS Trondheim 78.35% 78.23% Schibsted Classified Media AS Oslo % % Adverts Marketplace Ltd Dublin 50.00% - Anuncios Clasificados de Mexico SA de CV Guadalajara % - Anuntis Chile, S.A. Santiago de Chile 99.99% 99.99% ASM Classificados de México SA de CV Mexico City % % Avito SCM Sarl ** Casablanca % - Beryl IP AB Stockholm % - Bikhir IP AB Stockholm % % Blocket AB Stockholm % % Blocket Växt AB Stockholm % % Byt Bil Nordic AB Stockholm % % CustoJusto Unipessoal, Lda Lisbon % % Daft Media Ltd Dublin 50.00% - Digital Media Ventures Ltd Dublin 50.00% - DoneDeal Ltd Wexford 50.00% 90.10% Dotadv S.r.l * Rome % Editora Balcão Ltda Rio de Janeiro 99.99% 99.99% Editora Urbana Ltda Bogotá % % Finderly GmbH ** Vienna 90.95% - Használtautó Informatikai Kft Budapest % % Hebdo Mag Brazil Holdings BV Amsterdam % % Hebdo Mag Brazil Holdings Ltda Rio de Janeiro 99.99% 99.99% Infobras Spain S.L Barcelona 76.23% 76.23% Infojobs Brasil Atividades de Internet Ltda Sao Paulo 76.23% 76.23% InfoJobs Italia S.r.l Milan 74.00% 74.00% Kapaza BV Amsterdam % % Kapaza! Belgium NV Brussels % % LBC France, SASU Paris % % Le Rouge AB ** Stockholm % - Le Rouge Holding BV ** Amsterdam % - OOO Schibsted Classified Media Minsk % % Schibsted AG Berlin % % Schibsted Classified Media Dominican Republic Srl Santo Domingo % - Schibsted Classified Media Hungary Kft Budapest % % 62

01% 89.88% Sentinel Software AS Trondheim 78.35% 78.23% Schibsted Classified Media AS Oslo 100.00% 100.00% Adverts Marketplace Ltd Dublin 50.

2 Schibsted Classified Media Ireland Ltd Dublin % % Schibsted Classified Media NV Amsterdam % % Schibsted Classified Media Spain SL Barcelona 90.00% 90.00% Schibsted Classified Media Tunisia SARL Tunis % - Schibsted Développement SASU Paris % % Schibsted France SASU Paris % % Schibsted Ibérica S.L Madrid % % Schibsted Spain, S.L (previously 20 Minutos España, S.L.) Madrid % % SCM Growth Partner AB Stockholm % % SCM Hellas MEPE Athens % % SCM Local, SASU Paris % % SCM Northern Europe AB Stockholm % % SCM Servizi S.r.l. Milan % % SCM Suomi Oy Helsinki % % SCM Ventures AB Stockholm % % SCM Ventures BV Amsterdam % % ServiceFinder Sverige AB Stockholm 69.95% 69.95% Sibmedia Interactive S.R.L. Sibiu % 95.00% Skupe Net Ltd Dublin 25.50% - Subito.it S.r.l Milan % % Tripwell Sweden AB Stockholm % % Schibsted Norge media house Location Schibsted Norge AS Bergen % % Aftenposten AS Oslo % % Aftenposten Mobil AS Oslo % % AS Farsund Aktiebogtrykkeri Farsund 86.20% 86.20% Askøyværingen AS Askøy % % Avisretur AS Oslo 50.10% 50.10% Bergens Tidende AS Bergen % % BetaVest AS Bergen % % Bygdanytt AS Bergen % % Distribution Innovation AS Oslo 60.00% 60.00% Duplo Media AS Horten 96.00% 70.00% E24 Dine Penger AS Oslo % % Ebok.no AS Oslo % Forlaget Strilen AS Lindås % % Fædrelandsvennen AS Kristiansand % % Husleie.no AS Lillehammer 57.79% 57.76% Ilaks AS Godvik 51.00% 51.00% Janaflaten 24 AS Stavanger % % Katapult Bøker AS Oslo % Kaupang Konferanser AS Bergen % Kickback AS Oslo 57.60% 57.57% Kristiansand Avis AS Kristiansand % % Let's Deal AS Oslo 97.96% 74.20% Lindesnes AS Mandal % % Livvin AS (previously BT Adrift1 AS) Bergen 80.00% % Lokalavisene AS Bergen % % 63

L (previously 20 Minutos España, S.L.) Madrid 100.00% 100.00% SCM Growth Partner AB Stockholm 100.00% 100.00% SCM Hellas MEPE Athens 100.00% 100.00% SCM Local, SASU Paris 100.00% 100.00% SCM Northern Europe AB Stockholm 100.

3 Media AS Kristiansand % % Offshore.no AS * Bergen % Radio Sør AS Kristiansand % % Riks AS Oslo % % Schibsted Distribusjon AS Oslo % % Schibsted Distribusjon Vest AS Sandnes % % Schibsted Distribusjon Øst AS Oslo % % Schibsted Eiendom Vest AS Stavanger % % Schibsted Forlag AS Oslo % Schibsted Förlag AB Helsingborg % Schibsted Magasiner AS Oslo % Schibsted Norge Annonseproduksjon AS Kristiansand % % Schibsted Norge Kundesenter AS Fagernes % % Schibsted Tech Polska sp z.o.o Krakow % % Schibsted Trykk AS Oslo % % Schibsted Trykk Bergen AS Godvik % % Schibsted Trykk Flesland AS Bergen % % Schibsted Trykk Kristiansand AS * Kristiansand % Schibsted Trykk Oslo AS Oslo % % Schibsted Trykk Stavanger AS Sandnes % % Schibsted Vekst AS Oslo 96.00% 95.95% Schibsted Vekst Holding AS Oslo 96.00% 95.95% Stavanger Aftenblad AS Stavanger % % Stokkamyrveien 30 AS Stavanger % % Strandgaten og Eilertsbakken Eiendomsselskap AS Farsund 86.20% 86.20% Søgne og Songdalen Budstikke AS Søgne 97.14% 97.14% Sørlandssamkjøringen AS Mandal 62.00% 62.00% Trafikkfondet AS Oslo % % TV Sør AS Kristiansand % % Verdens Gang AS Oslo % % Vestnytt AS Fjell % % VG Partnerstudio AS Oslo % - VGTV AS Oslo % % Webtraffic AS (previously Schibsted Norge Salg AS) Oslo % % Schibsted Sverige media house Location Schibsted Sverige AB Stockholm % % A Perfect Guide Sales Scandinavia AB Stockholm 91.46% 84.50% A Perfect Guide Scandinavia AB Stockholm 91.46% 84.50% Aftonbladet Hierta AB Stockholm 91.00% 91.00% Allt om Stockholm AB Stockholm % % Beauty The You Way AB Stockholm 91.00% 91.00% Bokavård Sverige AB Stockholm % Compricer AB Stockholm % % European Factoring Exchange AB Stockholm 80.93% 74.97% FlexiDrive Sverige AB Stockholm % HB Svenska Dagbladets AB & Co Stockholm 99.41% 99.41% Hittapunktse AB Stockholm 90.20% 90.20% Klart Vädertjänster AB Stockholm % % 64

00% Schibsted Magasiner AS Oslo - 100.00% Schibsted Norge Annonseproduksjon AS Kristiansand 100.00% 100.00% Schibsted Norge Kundesenter AS Fagernes 100.00% 100.00% Schibsted Tech Polska sp z.o.o Krakow 100.

4 Kundkraft i Sverige AB Stockholm % % Lendo AB Stockholm % 98.50% Lendo OY Helsinki % 98.50% Lets deal AB Stockholm % 51.55% Mini Media Sweden AB Stockholm 51.00% 51.00% Mobilio Sweden AB Stockholm % 85.00% Omnipunktse AB Stockholm % % Personal Finance Sverige AB Stockholm % % PGME Sverige AB Stockholm % % Pricespy Ireland Ltd Dublin % % Pricespy Ltd London % - PriceSpy Media Ltd Manukau % % Prisjakt Finland OY Helsinki % - Prisjakt Norge AB Stockholm % % Prisjakt Polen Sp z.o.o Krakow % % Prisjakt Sverige AB Ängelholm % % Schibsted Centralen AB Stockholm % % Schibsted Lifestyle Online AB Stockholm % - Schibsted Media AB Stockholm % % Schibsted Personal Finance Bolån AB Stockholm % % Schibsted Sales and Inventory AB Stockholm % % Schibsted Tillväxtmedier AB Stockholm % % Schibsted Tillväxtmedier Annonsförsäljning AB Stockholm % % Schibsted TM AB Stockholm % % Schibsted TM II AB Stockholm % % Suredo AB Stockholm % 98.50% Svenska Dagbladet Annons AB Stockholm 99.41% 99.41% Svenska Dagbladet Holding AB Stockholm 99.41% 99.41% Svenska Dagbladets AB Stockholm 99.41% 99.41% Tecnocreative AB (previously Mediateam Bemanning AB) Stockholm 51.00% 51.00% TVNU Sweden AB Stockholm % % UR Vinintressenter AB Stockholm 91.46% - Viktklubbpunktse AB Stockholm % % Vin- & Cocktailguiden i Sverige AB Stockholm 68.25% - Other Location Streaming Media AS Oslo % Aspiro AB Malmö % Aspiro AS Oslo % Aspiro Innovation AB Malmö % Aspiro Søk AS Oslo % Aspiro TV AS Oslo % RADR Entertainment AB Stockholm % Rubberduck Media Lab Inc Carlsbad % SMS Opplysningen 1985 AS Oslo % SMS Opplysningen 2100 AS Oslo % TIDAL International AB Malmö % TIDAL US AB Malmö % WiMP Music AB Malmö % 65

00% - PriceSpy Media Ltd Manukau 100.00% 100.00% Prisjakt Finland OY Helsinki 100.00% - Prisjakt Norge AB Stockholm 100.00% 100.00% Prisjakt Polen Sp z.o.o Krakow 100.00% 100.00% Prisjakt Sverige AB Ängelholm 100.

5 WiMP Music ApS Copenhagen % WiMP Music AS Oslo % WiMP Music GmbH Berlin % WiMP Music SP. Z O.O. Warsaw % WiMP Norway AS Oslo % Tesked AB Varberg 98.00% 97.98% Mötesplatsen i Norden AB Varberg 98.00% 97.98% 20 Min Holding AG Zurich % 20 Min International B.V. Rotterdam % % E24 International AB * Stockholm % Grupo 20 Minutos S.L. Madrid % % Schibsted Multimedia AS Oslo % % Schibsted Print Media AS Oslo % % Headquarters Location Schibsted Eiendom AS Oslo % % Schibsted epayment AS Oslo % % Schibsted IT AS Oslo % % Schibsted Products & Technology AS (previously Schibsted Payment AS) Oslo % % Schibsted Products & Technology S.L Madrid % - Schibsted Products & Technology AB (previously Plan 3 AB) Stockholm % % Schibsted Products & Technology Switzerland AG Zurich % - Schibsted Products & Technology Ltd (previously Schibsted Media Group UK Ltd) London % % * Merged with other companies in Schibsted group. ** From joint venture to subsidiary. 66

L. Madrid 100.00% 100.00% Schibsted Multimedia AS Oslo 100.00% 100.00% Schibsted Print Media AS Oslo 100.00% 100.00% Headquarters Location 2015 2014 Schibsted Eiendom AS Oslo 100.00% 100.00% Schibsted epayment AS Oslo 100.

NOTE 35 SUBSIDIARIES. The following subsidiaries were directly and indirectly owned as at 31.12.:

NOTE 35 SUBSIDIARIES. The following subsidiaries were directly and indirectly owned as at 31.12.: NOTE 35 SUBSIDIARIES The following subsidiaries were directly and indirectly owned as at 31.12.: Online classifieds Location 2013 2012 Finn.no AS Oslo 89.88% 89.88% Bilanalyse AS Oslo 78.23% - Eiendomsprofil