Oslo, 25 August 2022 - Adevinta ASA has signed an agreement for the sale of
Gumtree Australia, CarsGuide and Autotrader Australia to The Market Herald
(https://themarketherald.com.au/about-us/) - a fast growing business and finance
media platform publishing in Australia, Canada and Germany - for a total cash
consideration of US$60m. This sale is part of Adevinta's strategy to focus on
driving growth in its five core European markets: Benelux, France, Germany,
Italy and Spain. The transaction is expected to close by the beginning of Q4
2022. The proceeds from the transaction will be used to improve Adevinta's
leverage ratios.

Adevinta's Australian portfolio includes three leading online classifieds
platforms:
Gumtree: An iconic online marketplace connecting seven million buyers and
sellers with  2.8m live listings across hundreds of categories, including cars
and vehicles, parts and accessories, home and garden, sport and fitness,
electronics and computers, clothing and jewellery, business services, real
estate, jobs and more.
Autotrader: An online automotive marketplace, launched in 2018. It has built the
second largest dealer network of customers in the country. Autotrader
incorporates tools to give buyers information and ultimately more confidence on
pricing.
CarsGuide: The leading automotive editorial website in the country, according to
Nielsen,  with content covering car reviews, news and advice produced by a team
of expert motoring journalists.

Adevinta's operations in Australia have been included in discontinued operations
since the third quarter of 2021.

"The decision to divest our operations in Australia follows a strategic review
to prioritise investment for growth in five core markets, in the pursuit of
reducing complexity and accelerating the execution of our strategy," commented
Antoine Jouteau, CEO Adevinta.  "We are confident that The Market Herald is well
positioned to create strong growth opportunities for Gumtree, CarsGuide and
Autotrader, given their keen focus and expertise in the local Australian market.
Adevinta will continue to support the Australian business and its employees
during the transition, ensuring business continuity for users and customers. We
congratulate The Market Herald on the acquisition and wish them continued
success."

Jag Sanger, Managing Director at The Market Herald, added: "The Market Herald is
excited to expand on the Gumtree, CarsGuide and Autotrader platforms. Gumtree is
an iconic brand, used by millions of Australians, CarsGuide is the leading
automotive editorial website in Australia and Autotrader is an online automotive
marketplace with the second largest dealer network in the country. The Market
Herald will leverage its editorial, video and streaming capabilities to create
new classifieds offerings with Gumtree, CarsGuide and Autotrader, leading to a
more relevant and compelling user experience.  We thank Adevinta for its support
during the transition to an integrated business, and look forward to welcoming
the Gumtree, CarsGuide and Autotrader teams to The Market Herald."

Macquarie Capital acted as financial adviser to Adevinta.

                                     -end-

Media contacts
Vaishali Lakhanpal
Corporate Communications
T: +31 (0) 638 43 19 34
vaishali.lakhanpal@adevinta.com (mailto:vaishali.lakhanpal@adevinta.com)

Edelman Smithfield
John Kiely / Latika Shah / Olivia Adebo
John Kiely/ Latika Shah/ Olivia Adebo
T: +44 (0)7785 275665 / +44 (0)7950 671 948 / +44 (0)7787 284 441
adevinta@edelman.com (mailto:adevinta@edelman.com)

About Adevinta

Adevinta is a leading online classifieds specialist, operating digital
marketplaces in 14 countries. The company provides technology-based services to
connect buyers with sellers and to facilitate transactions, from real estate to
motors, and consumer goods.

Adevinta's portfolio spans more than 40 digital brands, covering one billion
people and attracting approximately three billion average monthly visits.
Leading brands include top-ranked leboncoin in France, Germany's leading
classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the
Netherlands, fotocasa and InfoJobs in Spain, Subito in Italy, and 50% of fast-
growing OLX Brasil. Adevinta employs around 8,100 people committed to supporting
users and customers daily. Find out more at Adevinta.com
(https://www.adevinta.com/).

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This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

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