XXL

Board/Management Information • May 12, 2015

XXL ASA - Addtion to the nomination committee's recommendations

XXL ASA - Addtion to the nomination committee's recommendations

Reference is made to the nomination committee of XXL

ASA's recommendation of candidates for, and

compensation to, members of XXL board of directors

dated 28 April 2015 and available on the company's

website http://www.xxlasa.com/corporate/corporate-

governance/general-meetings/

Since issuing its recommendation, the nomination

committee has been informed that Tore Thorstensen

does not wish to run for re-election as a board

member. Based on this information, the nomination

committee proposes a new candidate for board member

instead of a deputy board member and observer to the

board. The nomination committee has decided to

propose Tore Valderhaug as a new candidate for board

member instead of Tore Thorstensen.

The Nomination Committee therefore recommends that

the general meeting adopts the following revised

resolution:

"All members of the board of directors, except for

Tore Thorstensen whom does not run for re-election,

are re-elected for a period of one year. Tore

Valderhaug is elected as a new board member for a

period of one year. The following persons shall

comprise the board of directors:

- Øivind Tidemandsen

(chairman)

- Anders Misund (board

member)

- Tore Valderhaug (board

member)

- Ronny Blomseth (board

member)

- Anna Birgitta Attemark (board

member)

- Ingrid Aina Jofrietta Osmundsen (board

member)

- Mernosh Saatchi (board member)"

Please find attached the recommendation from the

nomination committee which is also available on the

compnay's website

http://www.xxlasa.com/corporate/corporate-

governance/general-meetings/

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

largest and 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.