XXL

Transaction in Own Shares • Mar 31, 2016

XXL ASA - End of program to repurchase own shares

XXL ASA - End of program to repurchase own shares

XXL ASA announced a program to buy-back own shares on

26 February 2016 and has on 31 March 2016 completed

the program. In the period XXL ASA purchased a total

of 97,000 shares in the market at an average price of

NOK 97.69 per share, for an aggregate consideration of

NOK 9,476,008. The shares purchased will in full be

used in a program for restricted share units for

employees.

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 and Finland. It is 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