Kid ASA — Earnings Release 2016

May 12, 2016

KID ASA - FIRST QUARTER 2016 RESULTS

KID ASA - FIRST QUARTER 2016 RESULTS

Lier, 12 May 2016: The board of directors of Kid ASA has

approved the financial report for the first quarter of 2016.

Q1 HIGHLIGHTS

(Figures from corresponding period the previous year in

brackets)

- Revenues decreased by 0.6%. The decrease was primarily

driven by two less shopping days due to timing of Easter

- Like-for-like sales decreased by 4.5%

- Online sales increased by 32.2%

- No store openings or closings

- Gross margin of 58.5% (57.9%)

- Adjusted EBITDA of 0.5 MNOK (9.0 MNOK)

Due to 2 less shopping days during Easter in the first

quarter compared to 2015, Kid ASA has decided to announce

the revenues per April 2016 in this quarterly report. In the

first four months of 2016, there was one additional shopping

day, and revenues had a growth of 3.9% while like-for-like

sales decreased by 0.2%. Online sales increased by 41.2%.

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

Petter Schouw-Hansen, CFO Kid, +47 482 24 534