XXL

Board/Management Information • Mar 5, 2018

Change in the Executive Management of XXL ASA

Change in the Executive Management of XXL ASA

Buying Director, Mr. Lars Rugaas, has decided to leave his position after eleven years with XXL and to search for new opportunities outside the company. He will resume in his position until 1 May 2018. Mr. Rugaas owns 43,812 shares in XXL ASA as of today but will no longer hold any stock options in XXL ASA.

Chief Financial Officer, Mr. Krister Pedersen, has decided to leave his position after seven years with XXL and to search for new opportunities outside the company. He will resume in his position until 1 August 2018. XXL will start the process of recruiting a new Chief Financial Officer in XXL ASA. Mr. Pedersen owns 280,000 shares in XXL ASA as of today (through Kritisk Invest AS) but will no longer hold any stock options in XXL ASA.

For further information please contact:

Mr. Tolle Grøterud

Investor Relations XXL ASA

tolle.g@xxl.no

+47 90 27 29 59

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

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 Nordic 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.