XXL

Notice of Dividend Amount • Jul 6, 2016

Restricted share unit programs - dividend reinvested

Restricted share unit programs - dividend reinvested

Reference is made to the stock exchange announcements

concerning programs of restricted share units for

employees in XXL ASA.

According to the programs, dividends will be

reinvested into new restricted share units. Dividend

of NOK 2.00 per share was paid out on Tuesday 5 July

2016. In total 4,035 restricted share units will be

allocated to employees.

The following primary insiders have been allocated

restricted share units according to the above and

have, after this, the following number of shares and

restricted share units in XXL ASA:

- Morten Fuglum, Group Controller, has been

allocated 37 restricted share units. Following this,

he holds 26,261 shares and 1,818 restricted share

units in XXL ASA including ownership of closely

related parties.

- Christian Hokstad Pedersen, Group Controller,

has been allocated 47 restricted share units.

Following this, he holds 5,056 shares and 2,258

restricted share units in XXL ASA including ownership

of closely related parties.

- Leidulf Holand, Business Controller, has been

allocated 37 restricted share units. Following this,

he holds 79,248 shares and 1,779 restricted share

units in XXL ASA including ownership of closely

related parties.

- Karete Kvisle, Head of Accounting, has been

allocated 44 restricted share units. Following this,

she holds 4,875 shares and 2,082 restricted share

units in XXL ASA including ownership of closely

related parties.

- Magnus Bjurling, Controller, has been

allocated 44 restricted share units. Following this,

he holds 3,488 shares and 2,128 restricted share units

in XXL ASA including ownership of closely related

parties.

- Trine-Lise Anker Rasch, Financial Controller,

has been allocated 17 restricted share units.

Following this, she holds 603 shares and 823

restricted share units in XXL ASA including ownership

of closely related parties.

For further queries, please contact:

Tolle O. R. Grøterud, Head of 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 and Denmark. It

is the largest and the fastest growing among the major

sports retailers in the Nordics. 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.