NOTE 34 SUBSIDIARIES. The following subsidiaries were directly and indirectly owned as at 31.12.:



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NOTE 34 SUBSIDIARIES The following subsidiaries were directly and indirectly owned as at 31.12.: Online classifieds Location 2015 2014 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 100.00% 100.00% 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 100.00% 100.00% Adverts Marketplace Ltd Dublin 50.00% - Anuncios Clasificados de Mexico SA de CV Guadalajara 100.00% - Anuntis Chile, S.A. Santiago de Chile 99.99% 99.99% ASM Classificados de México SA de CV Mexico City 100.00% 100.00% Avito SCM Sarl ** Casablanca 100.00% - Beryl IP AB Stockholm 100.00% - Bikhir IP AB Stockholm 100.00% 100.00% Blocket AB Stockholm 100.00% 100.00% Blocket Växt AB Stockholm 100.00% 100.00% Byt Bil Nordic AB Stockholm 100.00% 100.00% CustoJusto Unipessoal, Lda Lisbon 100.00% 100.00% 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 - 100.00% Editora Balcão Ltda Rio de Janeiro 99.99% 99.99% Editora Urbana Ltda Bogotá 100.00% 100.00% Finderly GmbH ** Vienna 90.95% - Használtautó Informatikai Kft Budapest 100.00% 100.00% Hebdo Mag Brazil Holdings BV Amsterdam 100.00% 100.00% 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 100.00% 100.00% Kapaza! Belgium NV Brussels 100.00% 100.00% LBC France, SASU Paris 100.00% 100.00% Le Rouge AB ** Stockholm 100.00% - Le Rouge Holding BV ** Amsterdam 100.00% - OOO Schibsted Classified Media Minsk 100.00% 100.00% Schibsted AG Berlin 100.00% 100.00% Schibsted Classified Media Dominican Republic Srl Santo Domingo 100.00% - Schibsted Classified Media Hungary Kft Budapest 100.00% 100.00% 62

Schibsted Classified Media Ireland Ltd Dublin 100.00% 100.00% Schibsted Classified Media NV Amsterdam 100.00% 100.00% Schibsted Classified Media Spain SL Barcelona 90.00% 90.00% Schibsted Classified Media Tunisia SARL Tunis 100.00% - Schibsted Développement SASU Paris 100.00% 100.00% Schibsted France SASU Paris 100.00% 100.00% Schibsted Ibérica S.L Madrid 100.00% 100.00% Schibsted Spain, S.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 100.00% 100.00% SCM Servizi S.r.l. Milan 100.00% 100.00% SCM Suomi Oy Helsinki 100.00% 100.00% SCM Ventures AB Stockholm 100.00% 100.00% SCM Ventures BV Amsterdam 100.00% 100.00% ServiceFinder Sverige AB Stockholm 69.95% 69.95% Sibmedia Interactive S.R.L. Sibiu 100.00% 95.00% Skupe Net Ltd Dublin 25.50% - Subito.it S.r.l Milan 100.00% 100.00% Tripwell Sweden AB Stockholm 100.00% 100.00% Schibsted Norge media house Location 2015 2014 Schibsted Norge AS Bergen 100.00% 100.00% Aftenposten AS Oslo 100.00% 100.00% Aftenposten Mobil AS Oslo 100.00% 100.00% AS Farsund Aktiebogtrykkeri Farsund 86.20% 86.20% Askøyværingen AS Askøy 100.00% 100.00% Avisretur AS Oslo 50.10% 50.10% Bergens Tidende AS Bergen 100.00% 100.00% BetaVest AS Bergen 100.00% 100.00% Bygdanytt AS Bergen 100.00% 100.00% Distribution Innovation AS Oslo 60.00% 60.00% Duplo Media AS Horten 96.00% 70.00% E24 Dine Penger AS Oslo 100.00% 100.00% Ebok.no AS Oslo - 97.57% Forlaget Strilen AS Lindås 100.00% 100.00% Fædrelandsvennen AS Kristiansand 100.00% 100.00% Husleie.no AS Lillehammer 57.79% 57.76% Ilaks AS Godvik 51.00% 51.00% Janaflaten 24 AS Stavanger 100.00% 100.00% Katapult Bøker AS Oslo - 100.00% Kaupang Konferanser AS Bergen - 50.00% Kickback AS Oslo 57.60% 57.57% Kristiansand Avis AS Kristiansand 100.00% 100.00% Let's Deal AS Oslo 97.96% 74.20% Lindesnes AS Mandal 100.00% 100.00% Livvin AS (previously BT Adrift1 AS) Bergen 80.00% 100.00% Lokalavisene AS Bergen 100.00% 100.00% 63

Media AS Kristiansand 100.00% 100.00% Offshore.no AS * Bergen - 100.00% Radio Sør AS Kristiansand 100.00% 100.00% Riks AS Oslo 100.00% 100.00% Schibsted Distribusjon AS Oslo 100.00% 100.00% Schibsted Distribusjon Vest AS Sandnes 100.00% 100.00% Schibsted Distribusjon Øst AS Oslo 100.00% 100.00% Schibsted Eiendom Vest AS Stavanger 100.00% 100.00% Schibsted Forlag AS Oslo - 100.00% Schibsted Förlag AB Helsingborg - 100.00% 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 100.00% 100.00% Schibsted Trykk AS Oslo 100.00% 100.00% Schibsted Trykk Bergen AS Godvik 100.00% 100.00% Schibsted Trykk Flesland AS Bergen 100.00% 100.00% Schibsted Trykk Kristiansand AS * Kristiansand - 100.00% Schibsted Trykk Oslo AS Oslo 100.00% 100.00% Schibsted Trykk Stavanger AS Sandnes 100.00% 100.00% Schibsted Vekst AS Oslo 96.00% 95.95% Schibsted Vekst Holding AS Oslo 96.00% 95.95% Stavanger Aftenblad AS Stavanger 100.00% 100.00% Stokkamyrveien 30 AS Stavanger 100.00% 100.00% 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 100.00% 100.00% TV Sør AS Kristiansand 100.00% 100.00% Verdens Gang AS Oslo 100.00% 100.00% Vestnytt AS Fjell 100.00% 100.00% VG Partnerstudio AS Oslo 100.00% - VGTV AS Oslo 100.00% 100.00% Webtraffic AS (previously Schibsted Norge Salg AS) Oslo 100.00% 100.00% Schibsted Sverige media house Location 2015 2014 Schibsted Sverige AB Stockholm 100.00% 100.00% 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 100.00% 100.00% Beauty The You Way AB Stockholm 91.00% 91.00% Bokavård Sverige AB Stockholm - 51.00% Compricer AB Stockholm 100.00% 100.00% European Factoring Exchange AB Stockholm 80.93% 74.97% FlexiDrive Sverige AB Stockholm - 80.00% HB Svenska Dagbladets AB & Co Stockholm 99.41% 99.41% Hittapunktse AB Stockholm 90.20% 90.20% Klart Vädertjänster AB Stockholm 100.00% 100.00% 64

Kundkraft i Sverige AB Stockholm 100.00% 100.00% Lendo AB Stockholm 100.00% 98.50% Lendo OY Helsinki 100.00% 98.50% Lets deal AB Stockholm 100.00% 51.55% Mini Media Sweden AB Stockholm 51.00% 51.00% Mobilio Sweden AB Stockholm 100.00% 85.00% Omnipunktse AB Stockholm 100.00% 100.00% Personal Finance Sverige AB Stockholm 100.00% 100.00% PGME Sverige AB Stockholm 100.00% 100.00% Pricespy Ireland Ltd Dublin 100.00% 100.00% Pricespy Ltd London 100.00% - 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 100.00% 100.00% Schibsted Centralen AB Stockholm 100.00% 100.00% Schibsted Lifestyle Online AB Stockholm 100.00% - Schibsted Media AB Stockholm 100.00% 100.00% Schibsted Personal Finance Bolån AB Stockholm 100.00% 100.00% Schibsted Sales and Inventory AB Stockholm 100.00% 100.00% Schibsted Tillväxtmedier AB Stockholm 100.00% 100.00% Schibsted Tillväxtmedier Annonsförsäljning AB Stockholm 100.00% 100.00% Schibsted TM AB Stockholm 100.00% 100.00% Schibsted TM II AB Stockholm 100.00% 100.00% Suredo AB Stockholm 100.00% 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 100.00% 100.00% UR Vinintressenter AB Stockholm 91.46% - Viktklubbpunktse AB Stockholm 100.00% 100.00% Vin- & Cocktailguiden i Sverige AB Stockholm 68.25% - Other Location 2015 2014 Streaming Media AS Oslo - 74.62% Aspiro AB Malmö - 56.67% Aspiro AS Oslo - 56.67% Aspiro Innovation AB Malmö - 56.67% Aspiro Søk AS Oslo - 56.67% Aspiro TV AS Oslo - 56.67% RADR Entertainment AB Stockholm - 56.67% Rubberduck Media Lab Inc Carlsbad - 56.67% SMS Opplysningen 1985 AS Oslo - 56.67% SMS Opplysningen 2100 AS Oslo - 56.67% TIDAL International AB Malmö - 56.67% TIDAL US AB Malmö - 56.67% WiMP Music AB Malmö - 56.67% 65

WiMP Music ApS Copenhagen - 56.67% WiMP Music AS Oslo - 56.67% WiMP Music GmbH Berlin - 56.67% WiMP Music SP. Z O.O. Warsaw - 56.67% WiMP Norway AS Oslo - 56.67% Tesked AB Varberg 98.00% 97.98% Mötesplatsen i Norden AB Varberg 98.00% 97.98% 20 Min Holding AG Zurich - 100.00% 20 Min International B.V. Rotterdam 100.00% 100.00% E24 International AB * Stockholm - 100.00% Grupo 20 Minutos S.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 100.00% 100.00% Schibsted IT AS Oslo 100.00% 100.00% Schibsted Products & Technology AS (previously Schibsted Payment AS) Oslo 100.00% 100.00% Schibsted Products & Technology S.L Madrid 100.00% - Schibsted Products & Technology AB (previously Plan 3 AB) Stockholm 100.00% 100.00% Schibsted Products & Technology Switzerland AG Zurich 100.00% - Schibsted Products & Technology Ltd (previously Schibsted Media Group UK Ltd) London 100.00% 100.00% * Merged with other companies in Schibsted group. ** From joint venture to subsidiary. 66