XXL ASA - Appointed new Managing Director Norway

XXL ASA has appointed Mr. Anders Kjellén as the new Managing Director Norway in XXL ASA. He will start in his new position in Q4 2016 and be a part of the management team in XXL ASA.

Anders Kjellén is currently Managing Director Nordics for the outdoor brand Mammut and has been CEO of Mammut Ajungilak AS since 2012. During his appointment at Mammut, the company has seen strong growth and profitability improvements in the Nordic markets. Prior to his current position he worked for over eighteen years at Gresvig Norway, where he held several leading positions including Head of Sales in G-Sport, CEO of Gresvig Detalj AS, Regional Manager and Store Manager.

Mr. Kjellén is a Swedish citizen and resides in Norway. He owns no shares in XXL ASA as of today.

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, Finland and Denmark. It is the largest and 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 the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.