XXL

XXL ASA - Change in the Executive Management of XXL ASA

Mr. Robert Iversen, Training Director for the XXL Group,

will leave his position in XXL ASA as of 1 December 2017.

This is according to plan as he has focused on introduction

courses for the new XXL employees in Austria and educated

them in the XXL business culture and concept. XXL recognizes

this project as well done and an important part of the

future success of XXL in the Hearth of Europe. In addition

he has continued the task of building Camp XXL whereof

commenced several new motivational courses for XXL employees

from different parts of the organization. Mr. Iversen will

continue being a member of the Nomination Committee of XXL

ASA. Mr. Anders Fjeld, COO, will take over the

responsibility of training for the XXL Group.

Mr. Iversen owns 1,336,341 shares in XXL ASA as of today

(through Robert Iversen Holding AS) but will no longer hold

any stock options in XXL ASA.

For further queries please contact:

Tolle O. R. Grøterud

Investor Relations XXL ASA

Tel: +47 90 27 29 59

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.

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