XXL

XXL ASA - Program to repurchase own shares

In accordance with the authorization to acquire own shares

given at the Annual General Meeting on 3 June 2016, the

Board of Directors of XXL ASA initiates a program to buy-

back own shares. With reference to the stock exchange

announcement on 15 February 2017 concerning a program for

restricted share units, the share buy-back program is to

cover for these shares. The total number of shares to be

acquired is up to 116,000 shares and the exact number of

restricted share units will be available and disclosed soon.

The highest price to be paid per share will be NOK 115, but

shall in no event exceed the prevailing market price at the

Oslo Stock Exchange on the relevant trading day. The shares

will be purchased from the open market.

The share buy-back program will commence on 23 February 2017

and will continue until end of March 2017. The shares

purchased will in full be used in the above mentioned

program for restricted share units.

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 and Denmark. It is the largest

and the fastest growing among the major sports retailers in

the Nordic. 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 lowest 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

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