XXL

Remuneration Information • Mar 31, 2017

XXL ASA - Restricted share units - 2017 grant

XXL ASA - Restricted share units - 2017 grant

Reference is made to the stock exchange announcement of 15

February 2017, the resolution to implement a program of

restricted share units for employees made by the Annual

General Meeting in XXL ASA on 3 June 2016, and the

announcement of 22 February 2017 of a program to repurchase

own shares.

The strike price has been set to NOK 95.17, based on the

volume weighted average share price of XXL's shares on the

Oslo Stock Exchange during the five trading days from 15

February to 21 February 2017. In total 116,000 restricted

share units will be granted to employees. The shares will

vest after three years subject to the holder at the time of

exercise is employed in XXL.

The following primary insiders have been granted restricted

share units according to the above and have, following this,

the following number of shares and restricted share units in

XXL ASA:

- Morten Fuglum, Group Controller, has been granted

736 restricted share units. Following this, he holds 26,261

shares and 2,554 restricted share units in XXL ASA including

ownership of closely related parties.

- Christian Hokstad Pedersen, Group Controller, has

been granted 946 restricted share units. Following this, he

holds 5,056 shares and 3,204 restricted share units in XXL

ASA including ownership of closely related parties.

- Leidulf Holand, Business Controller, has been

granted 946 restricted share units. Following this, he holds

76,248 shares and 2,725 restricted share units in XXL ASA

including ownership of closely related parties.

- Karete Kvisle, Head of Accounting, has been granted

946 restricted share units. Following this, she holds 4,875

shares and 3,028 restricted share units in XXL ASA including

ownership of closely related parties.

- Magnus Bjurling, Controller, has been granted 946

restricted share units. Following this, he holds 3,488

shares and 3,074 restricted share units in XXL ASA including

ownership of closely related parties.

- Trine-Lise Anker Rasch, Financial Controller, has

been granted 946 restricted share units. Following this, she

holds 603 shares and 1,769 restricted share units in XXL ASA

including ownership of closely related parties.

For further queries, please contact:

Tolle O. R. Grøterud

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, Finland and Denmark. 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

This information is subject to disclosure requirements

pursuant to Section 5-12 of the Norwegian Securities Trading

Act