XXL

Board/Management Information • May 13, 2016

Change in the Executive Management of XXL ASA

Change in the Executive Management of XXL ASA

Managing Director Norway, Mr. Leif Thoresen, has

decided to leave his position after six years with XXL

and to search for new opportunities outside the

company. Chief Operating Officer Mr. Anders Fjeld will

take up the position as acting Managing Director

Norway. XXL will start the process of recruiting a new

Managing Director Norway.

For further information please contact:

Mr. Tolle Grøterud

Head of Investor Relations

XXL ASA

tolle.g@xxl.no

+47 90 27 29 59

This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.