XXL

XXL ASA - Program to repurchase own shares

In accordance with the authorization to acquire own

shares given at the Extraordinary General Meeting on

15 September 2014, the Board of Directors of XXL ASA

initiates a program to buy-back own shares. With

reference to the stock exchange announcement on 25

February 2015 concerning a program for restricted

share units, the share buy-back program is to cover

for these stocks. The total number of shares to be

acquired is up to 130,000 shares and the exact

number of restricted share units will be available

and disclosed soon. The highest price to be paid per

share will be NOK 85, but shall in no event exceed

the prevailing market price at the Oslo Stock

Exchange on the relevant trading day. The shares

will be purchased from the open market.

The share buy-back program will commence on 4 March

2015 and will continue until end of March 2015. The

shares purchased will in full be used in the above

mentioned program for restricted share units.

For further queries, please contact:

Tolle O. R. Grøterud, Head of Investor Relations,

XXL ASA

Tel: +47 90 27 29 59

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

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