XXL

Remuneration Information • Mar 4, 2015

Share option program - 2015 grant

Share option program - 2015 grant

Reference is made to the stock exchange announcement

of 25 February 2015 and the Board of Directors'

resolution to implement a share option scheme for

the executive management team and certain other key

employees.

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 last

five trading days (25 February to 3 March 2015), and

a total of 625,665 share options were granted. The

share options are exercisable three years after the

grant date (3 March 2015) subject to key performance

criteria (EBITDA-target) being met and subject to

the option holder being employed in XXL at the date

of the exercise.

The theoretical value of the share option program is

NOK 8.25 million, calculated according to the Black-

Scholes model.

The following primary insiders have been granted

share options according to the above and have,

following this, the following number of shares and

options in XXL ASA:

- Fredrik Steenbuch, CEO, has been granted

41,711 share options. Following this, he holds

3,289,566 shares and 41,711 share options in XXL ASA

including ownership of closely related parties.

- Krister Pedersen, CFO, has been granted

41,711 share options. Following this, he holds

307,816 shares and 41,711 share options in XXL ASA

including ownership of closely related parties.

- Anders Fjeld, Managing Director Norway, has

been awarded 41,711 share options. Following this he

holds 1,339,079 shares and 41,711 share options in

XXL ASA including ownership of closely related

parties.

- Marcus Wibergh, Managing Director Sweden,

has been awarded 41,711 share options. Following

this, he holds 405,822 shares and 41,711 share

options in XXL ASA including ownership of closely

related parties.

- Toni Stigzelius, Managing Director Finland,

has been awarded 41,711 share options. Following

this he holds 73,547 shares and 41,711 share options

in XXL ASA including ownership of closely related

parties.

- Harald Borgen, Supply chain and Process

improvement Director, has been awarded 41,711 share

options. Following this, he holds 96,662 shares and

41,711 share options in XXL ASA including ownership

of closely related parties.

- Tolle O. R. Grøterud, Head of Business

Development and IR, has been awarded 41,711 share

options. Following this, he holds 24,137 shares and

41,711 share options in XXL ASA including ownership

of closely related parties.

- Tommi Jylha-Vuorio, Director Multichannel &

E-commerce, has been awarded 41,711 share options.

Following this, he holds 20,192 shares and 41,711

share options in XXL ASA including ownership of

closely related parties.

- Tom Erik Kjønø, Purchasing and Marketing

Director, has been awarded 41,711 share options.

Following this, he holds 425,813 shares and 41,711

share options in XXL ASA including ownership of

closely related parties.

- Geir Nielsen, Central Warehouse Director,

has been awarded 41,711 share options. Following

this, he holds 2,633,915 shares and 41,711 share

options in XXL ASA including ownership of closely

related parties.

- Lars Rugaas, Head of Purchasing, has been

awarded 41,711 share options. Following this, he

holds 43,812 shares and 41,711 share options in XXL

ASA including ownership of closely related parties.

- Espen Terland, IT Director, has been awarded

41,711 share options. Following this, he holds

175,919 shares and 41,711 share options 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