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In Generation I, it shares experience gained from battle equally between all party members. These party members do not gain stat experience unless they participate in the battle. From Generation II onwards, it shares experience gained from battle between Pokémon that participate in battle and the holder. The holding Pokémon also gains all stat experienceGSC or EVs that would be gained by defeating the opponent.
In Generation II, when the Pokémon holding this item receives experience, the amount of Exp. Points gained is shown twice. In following generations, this was changed to show all the experience gained just once. Also in Generation II, if a Pokémon with the same original Trainer as the player is sent into battle with Exp. Share held, that Pokémon will, due to rounding, gain approximately half (due to rounding) of the experience twice, meaning that it doesn't receive 100% of the experience.
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