XXL

Remuneration Information • Feb 18, 2019

XXL ASA – Restricted share units for employees

XXL ASA – Restricted share units for employees

1. Exercise of restricted share units from 2016

Reference is made to the stock exchange announcement of 12 February 2019 and the exercise window for vesting restricted share units from 2016 that closed today 18 February 2019. Employees in XXL ASA have exercised 79,216 restricted share units representing 79,216 ordinary shares. Following this the Board of Directors, pursuant to authorization granted by the Annual General Meeting on 6 June 2018, has decided to transfer 79,216 of its own shares to the employees. Subsequently XXL ASA will hold 3,096,274 own shares after this.

The following primary insider has exercised restricted shares units on 18 February 2019 and has after this the following number of shares and restricted share units in XXL ASA:

- Karoline Gjerde, E-commerce Director, has exercised 868 restricted share units, corresponding to 868 shares. Following this she holds 868 shares and 3,948 restricted share units in XXL ASA including ownership of closely related parties.

2. Restricted share units – 2019 grant

Reference is made to the stock exchange announcement of 12 February 2019 and the resolution to implement a program of restricted share units for employees made by the Annual General Meeting in XXL ASA on 6 June 2018.

The strike price has been set to NOK 30.09, based on the volume weighted average share price of XXL’s shares on the Oslo Stock Exchange during the five trading days from 12 February to 18 February 2019. In total around 280,000 restricted share units will be granted to employees. The shares will vest after three years subject to the holder at the time of exercise is employed in XXL.

The following primary insiders have been allocated restricted shares units on 18 February 2019 and have after this the following number of shares and restricted share units in XXL ASA:

- Christian Hokstad Pedersen, Head of Accounting, has been allocated 3,323 restricted share units, corresponding to 3,323 shares. Following this he holds 4,465 restricted share units in XXL ASA including ownership of closely related parties.

- Anders Gudevold, Head of Controlling, has been allocated 3,323 restricted share units, corresponding to 3,323 shares. Following this he holds 3,323 restricted share units in XXL ASA including ownership of closely related parties.

For further queries, please contact:

Tolle O. R. Grøterud

Investor Relations, XXL ASA

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

About XXL ASA

XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics and the fastest growing among the major sports retail chains in the World. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.

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