XXL ASA - Minutes from Annual General Meeting

The Annual General Meeting of XXL ASA was held at 09.00 CEST today, Wednesday 6 June 2018. All items were resolved in accordance with the Board’s proposals and the Nomination Committee's recommendations.

The Annual General Meeting approved to distribute a dividend of NOK 2.00 per share. The shares in XXL ASA will be quoted ex-dividend from tomorrow, Thursday 7 June 2018.

Please see attached a copy of the Minutes from the Annual General Meeting.

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, Denmark and Austria. It is the largest among the major sports retailers in the Nordic and the fastest growing among the major sports retail chains in the World. 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 best prices and the widest assortment of products, focusing on branded goods.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.