Change in the executive management of XXL ASA

Managing Director Sweden, Mr. Lars Bengtsson, has been appointed the new store manager of our new store to be opened in Gävle, Sweden. Lars resides in Gävle, and will no longer commute weekly from Gävle to Stockholm. With effect from 1 March 2015, he will step down from the Executive Management team of XXL ASA. Mr. Marcus Wibergh will take up the position as Managing Director Sweden from the same date.

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.