XXL ASA : - Mandatory notification of trade

Dolphin Management AS, a company controlled by board member of XXL ASA («XXL» or
the «Company») Øivind Lønnestad Tidemandsen, has today sold 500 000 shares in
XXL at a price of NOK 19.82 per share. Following the transaction, Dolphin
Management AS owns 34 500 000 shares in XXL, representing 13.67 percent of the
outstanding shares of XXL. 

This information is subject to the disclosure requirements pursuant to section
4-2 of the Norwegian Securities Trading Act.

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