Permira Fund VII & Permira Fund VIII, a fund managed by Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. made an offer to acquire Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY), Permira Advisers Ltd. and others for NOK 141 billion on November 21, 2023. As per the transaction, Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. will pay NOK 115.0 per share in cash or in depository receipts, or as a combination of depository receipts for 50% of the shares tendered and cash consideration for the remaining 50% of the shares tendered, subject to certain limitations. The transaction is subject to minimum tender, and regulatory approvals. The transaction is expected to close in the second quarter of 2024. eBay Inc. supported voluntary tender offer. The Offer values eBay's entire stake in Adevinta ASA at approximately $4.3 billion (NOK 46.43 billion). As part of the transaction, eBay would sell 50% of its shares for an estimated $2.2 billion (NOK 23.75 billion) and would exchange the remaining shares for an equity stake of approximately 20% in the newly privatized company. eBay intends to use the cash proceeds from this prospective transaction for general corporate purposes. As January 16, 2024, Antoine Jouteau, Ajay Bhatia, Román Campa, Alexandre Collinet, Nicki Dexter, Paul Heimann, Julien Jouhault, Elisabeth Peyraube and Celie Verstelle has accepted for the 100% cash consideration alternative. As of January 25, 2024, the Offeror has received acceptances of the Offer for a total of 187,696,534 Shares (including pre-acceptance for 36,748,289 Shares held in relation to a total return swap arrangement involving a shareholder), which, taken together with the 885,909,719 Adevinta shares (incl. the class B shares) to which the Offeror is conditionally entitled, equals 1,073,606,253 shares, equivalent to approximately 87.65% of the total issued and outstanding shares in the Company. As of January 25, 2024, the extension of the offer period under the Offer increased to February 7, 2024. As of January 25, 2024, the Offer and related transactions were notified to the European Commission under the EU Merger Regulation on 25 January 2024 and the deadline for the European Commission's decision in this procedure is set to 29 February 2024. As of February 6, 2024, the Offer has received regulatory clearances under the merger control regime in Canada (Competition Bureau Canada ? CBC) and foreign direct investment regime in Italy (Prime Minister Office ? PMO). As of August 7, 2024, the offeror further extends Adevinta takeover offer period to 9 February 2024. The Offeror has received acceptances under the Offer for a total of 1,147,895,002 shares, representing approximately 93.71% of the total issued and outstanding share capital, fulfilled the Closing Condition relating to 90% total acceptance of the Offer.

Citigroup Global Markets Europe AG, J.P. Morgan Securities plc acted as financial advisors and Advokatfirmaet BAHR AS, Cleary Gottlieb Steen & Hamilton LLP and Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisors to Adevinta ASA. ABG Sundal Collier ASA and Goldman Sachs Bank Europe SE, Amsterdam Branch acted as financial advisors and Hanneke Rothbarth, Thijs Flokstra, Wessely and Paul van der Berg, Toby Bingley, Alex Mitchell, Lutz Riede and Frank Schaer of Freshfields Bruckhaus Deringer LLP, Jay Sadanandan and Ben Wright and Jocelyn Seitzman, Jeremy Green, and Patrick Kwak, Helen Lethaby and Matthew Dewitz of Latham & Watkins LLP and Wikborg Rein Advokatfirma As acted as legal advisors to Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor to eBay Inc and Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB acted as legal advisor to The Blackstone Group International Partners LLP. LionTree Advisors LLC acted as financial advisor and Advokatfirmaet Thommessen AS acted as legal advisor to eBay Inc. Morgan Stanley & Co. International plc acted as financial advisor and Geoffrey Bailhache, Atif Azher, James Evelegh and Simone Chua of Simpson Thacher & Bartlett LLP acted as legal adviosr to TCMI Inc. and Jeroen Thijssen, Mark-Jan Arends, counsel Pieter Leefers, Richard Blewett, Erik O'Connor, Richard Day and Taner Hassan and John Healy of Clifford Chance LLP and Sverre Sandvik, Andreas Ehrenclou and Fredrik Bjørland of Advokatfirma Wiersholm AS acted as legal advisors to Schibsted ASA. Citigroup Global Markets Europe AG and J.P. Morgan Securities plc acted as fairness opinion provider to Adevinta ASA. Lorenzo Corte, Denis Klimentchenko, Pete Coulton, James A. McDonald, Patrick G. Rideout and Brian V. Breheny of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to special committee of independent directors of Adevinta ASA. George Karafotias of Shearman & Sterling represented Citigroup Global Markets Europe AG. DNB Bank ASA acted as transfer agent to Adevinta in the transaction. BofA Securities Europe SA & Ernst & Young AS acted as fairness opinion providers to Adevinta ASA.

Permira Fund VII & Permira Fund VIII, a fund managed by Permira Advisers Ltd., The Blackstone Group International Partners LLP, General Atlantic Service Company, L.P. and TCMI Inc. completed the acquisition of Adevinta ASA (OB:ADE) from Schibsted ASA (OB:SCHA), eBay Inc. (NasdaqGS:EBAY), Permira Advisers Ltd. and others on February 9, 2024. The Offer was accepted for a total of 278,176,893 Adevinta shares (including pre-acceptance for 36,748,289 Shares held in relation to a total return swap arrangement involving a shareholder), which, taken together with the 885,909,719 Adevinta shares (incl. the class B shares) to which the Offeror is conditionally entitled, equals approximately 95.0% of the total issued and outstanding share capital and voting rights in the Company on a fully diluted basis. As of February 22, 2024, DNB Bank ASA (the "Receiving Agent") has concluded that the final number of acceptances announced February 12, 2024 was incorrect. and the correct number of total acceptances under the Offer is 238,577,833 Adevinta shares (including pre-acceptance for 36,748,289 Shares held in relation to a total return swap arrangement involving a shareholder), which, taken together with the 885,909,719 Adevinta shares (incl. the class B shares) to which the Offeror is conditionally entitled, equals approximately 94.8% of (and not 95.0%, as announced on February 12, 2024) the total issued and outstanding share capital and voting rights in the Company on a fully diluted basis.