XXL

Share Issue/Capital Change • Feb 26, 2018

XXL ASA - Share incentive programs - new registered share capital

XXL ASA - Share incentive programs - new registered share capital

Reference is made to the XXL ASA's stock exchange announcement dated 20 February 2018 regarding issuance of shares under XXL ASA's share incentive program. The share capital increase pertaining to the issuance of the new shares has been registered with the Norwegian Register of Business Enterprises.

The new registered share capital in XXL ASA is NOK 55,638,430.80 divided into 139,096,077 shares, each with a nominal value of NOK 0.40 and giving one vote at the company's general meetings.

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