XXL

Restricted share unit program - dividend reinvested

Reference is made to the stock exchange

announcements of 4 March 2015 and 31 March 2015

concerning a program of restricted share units for

employees in XXL ASA.

According to the program, dividends will be

reinvested into new restricted share units. Dividend

of NOK 2.00 per share was paid out on Friday 3 July

2015. In total 2,471 restricted share units will be

allocated to employees. The shares will vest on 3

March 2018.

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 20 restricted share units. Following this,

he holds 26,261 shares and 868 restricted share

units in XXL ASA including ownership of closely

related parties.

- Christian Hokstad Pedersen, Group Controller, has

been allocated 28 restricted share units. Following

this, he holds 5,056 shares and 1,244 restricted

share units in XXL ASA including ownership of

closely related parties.

- Leidulf Holand, Business Controller, has been

allocated 21 restricted share units. Following this,

he holds 79,248 shares and 936 restricted share

units in XXL ASA including ownership of closely

related parties.

- Karete Kvisle, Head of Accounting, has been

allocated 24 restricted share units. Following this,

she holds 4,875 shares and 1,071 restricted share

units in XXL ASA including ownership of closely

related parties.

- Magnus Bjurling, Controller, has been allocated 27

restricted share units. Following this, he holds

3,488 shares and 1,171 restricted share units in XXL

ASA including ownership of closely related parties.

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