XXL ASA – End of program to repurchase own shares

XXL ASA announced a program to buy-back own shares on 4 March 2015 and has on 31 March 2015 completed the program. In the period XXL ASA purchased a total of 105,000 shares in the market at an average price of NOK 71.95 per share, for an aggregate consideration of NOK 7,554,950. The shares purchased will in full be used in a program for restricted share units for employees.

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 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