XXL ASA - Annual Report 2015

Please find attached the Annual Report 2015 from XXL ASA, including the annual accounts, financial statements and Board of Directors report. Reference is made to the stock exchange announcement of 29 March 2016 regarding the settlement of a tax claim. There is a deviation from the Q4 2016 report according to this. The income tax expenses have increased with NOK 38 million to NOK 179 million for 2015 and the net income is reduced to NOK 427 million for 2015.

The report is also available on www.xxlasa.com/annual-reports

For further queries, please contact:

Tolle O. R. Grøterud, Head of 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 and Finland. It is the largest and 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.