XXL

Delisting Announcement • Oct 3, 2014

Oslo Børs - XXL - New security is quoted as from 03.10.2014

Oslo Børs - XXL - New security is quoted as from 03.10.2014

Reference is made to earlier announcements from the

company related to listing of XXL ASA on Oslo Børs.

New security is quoted as from 03.10.2014 with the

following details:

Name: XXL ASA

Ticker: XXL

Instrument ID: 1301298

ISIN: NO0010716863

Segment: OBNW

Country of register: NO - Norway

Trading Currency: NOK

Exchange Market Size (EMS):150

Face value: NOK 0.40

Number of shares for listing: 138 512 123

XXL ASA is classified as "25504040 - Specialty Stores"

in GICS (Global Industry Classification Standard)

Important notice in connection with listing of shares

in XXL ASA on Oslo Børs:

The listing of the Shares in the Company will take

place in conjunction with an Offering of new Shares

by the Company and existing Shares by certain

existing shareholders (the Selling Shareholders).

Pricing and allocation of the Offering is expected to

take place on 2 October 2014. To facilitate

settlement of the Shares to be sold in the Offering,

it is expected that the Managers will enter into an

underwriting agreement with the Company and certain

Selling Shareholders and that one or more of the

Managers will enter into a placing agreement with the

other Selling Shareholders on 2 October 2014

It is expected that trading in the Shares in the

Company on Oslo Børs will commence on an "if sold/if

issued" basis on 3 October 2014, and that

unconditional trading in the Shares will commence on

8 October 2014. In the first three days of trading

(i.e. on 3, 6 and 7 October 2014), all trading in the

Shares in the Company will be conditional upon (a)

certain "force majeure" events not occurring and

resulting in termination of the Purchase Agreement by

the Managers, and/or (b) the Purchase Agreement not

being terminated due to default by one or more of the

Managers

Should the Managers invoke the termination provisions

at or prior to commencement of unconditional trading

(expected to take place on 8 October 2014), any

trades in the Shares carried out in the period will

be cancelled and such trades will accordingly not be

settled. The Managers may not invoke the termination

provisions after 18:00 hours (CET) on 7 October 2014.