XXL

Transaction in Own Shares • Mar 8, 2016

XXL ASA - Purchase own shares

XXL ASA - Purchase own shares

Reference is made to the stock exchange release on 26

February 2016 announcing a program to repurchase up to

97,000 own shares.

As part of this program, XXL ASA purchased 10,000 own shares

on 7 March 2016. The shares were purchased at an average

price of NOK 95.97 per share.

After the transaction XXL ASA holds 115,000 own shares,

representing 0.08% of the outstanding number of shares.

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

This information is subject to disclosure requirements

pursuant to Section 5-12 of the Norwegian Securities Trading

Act