Adevinta ASA

FINANSTILSYNET Revierstredet 3 P.O. Box 1187 Sentrum NO-0107 Oslo Tel. +47 22 93 98 00 post@finanstilsynet.no www.finanstilsynet.no Enquiries to Caroline Emma Nissen Dir. line +47 22 93 97 16 Adevinta ASA Board of Directors Postboks 747 Sentrum 0106 OSLO OUR REFERENCE YOUR REFERENCE DATE 23/10837 10.04.2024 Review of financial reporting 1. Introduction In accordance with the Securities Trading Act section 19-1 subsection (2), Finanstilsynet has reviewed certain accounting topics related to the financial reporting of Adevinta ASA (Adevinta). Reference is made to previous correspondence, most recently the issuer's reply of 2 April 2024. In points 2-3 below Finanstilsynet provides its assessments of the accounting matters covered by the review of the 2022 annual financial statements. Finanstilsynet's assessment is that certain disclosure requirements have not been met in the 2022 annual financial statements. This concerns disclosures on impairment of goodwill and intangible assets with indefinite useful lives, research and development expenditures and intangible assets assessed as having an indefinite useful life. Furthermore, diluted earnings per share (income statement) and continuing operations earnings per share (note 14) were misstated, although Adevinta considers these misstatements to be immaterial. Adevinta has taken note of Finanstilsynet's assessment and will going forward provide additional and/or improved disclosures as detailed below. Finanstilsynet notes this for the record. Finanstilsynet also observes that Adevinta has made improvements and certain additions to the disclosures in the 2023 Q4 interim report. 2. Impairment of assets - disclosure Adevinta has goodwill and trademarks with indefinite useful lives in the balance sheet amounting to MEUR 10,062 as of 31 December 2022.