XXL

Remuneration Information • Mar 31, 2015

Restricted share units - 2015 grant

Restricted share units - 2015 grant

Reference is made to the stock exchange announcement

of 25 February 2015 and the Board of Directors'

resolution to implement a program of restricted

share units for employees and the announcement of 4

March 2015 of a program to repurchase own shares.

The strike price has been set to NOK 76.08, based on

the volume weighted average share price of XXL's

shares on the Oslo Stock Exchange during the five

trading days from 25 February to 3 March 2015. In

total 105,000 restricted share units will be granted

to employees. The shares will vest after three

years. The grant is related to individual bonus

agreements for each employee.

The following primary insiders have been granted

restricted share units according to the above and

have, following this, the following number of shares

and restricted share units in XXL ASA:

- Morten Fuglum, Group Controller, has been

granted 848 restricted share units. Following this,

he holds 26,261 shares and 848 restricted share

units in XXL ASA including ownership of closely

related parties.

- Christian Hokstad Pedersen, Group

Controller, has been granted 1,216 restricted share

units. Following this, he holds 5,056 shares and

1,216 restricted share units in XXL ASA including

ownership of closely related parties.

- Leidulf Holand, Business Controller, has

been granted 915 restricted share units. Following

this, he holds 79,248 shares and 915 restricted

share units in XXL ASA including ownership of

closely related parties.

- Karete Kvisle, Head of Accounting, has been

granted 1,047 restricted share units. Following

this, she holds 4,875 shares and 1,047 restricted

share units in XXL ASA including ownership of

closely related parties.

- Siv Bjørkås Iversen, Controller, has been

granted 1,047 restricted share units. Following

this, she holds 10,556 shares and 1,047 restricted

share units in XXL ASA including ownership of

closely related parties.

- Magnus Bjurling, Controller, has been

granted 1,144 restricted share units. Following

this, he holds 3,488 shares and 1,144 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 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