XXL

Remuneration Information • Feb 14, 2024

XXL ASA – Restricted share units for employees

XXL ASA – Restricted share units for employees

1. Exercise of restricted share units from 2021

Reference is made to the stock exchange announcement of 8 February 2024 and the exercise window for vesting restricted share units from 2021 that closed today 14 February 2024. Employees in XXL ASA have exercised 224,856 restricted share units representing 224,856 ordinary shares.

Following this XXL has, pursuant to authorization granted by the Annual General Meeting on 6 June 2023, bought 224,856 of its own shares at a price of NOK 0.7172. A detailed overview of all transactions is attached. All shares will be transferred to the employees and subsequently XXL ASA will hold no own shares after this transfer.

2. Restricted share units – 2024 grant

Reference is made to the stock exchange announcement of 8 February 2024 and the resolution to implement a program of restricted share units. The strike price has been set to NOK 0.7472, based on the volume weighted average share price of XXL’s shares on the Oslo Stock Exchange during the five trading days from 8 February to 14 February 2024. In total around 6,700,000 restricted share units will be granted to employees. The shares will vest after three years subject to the holder at the time of exercise is employed in XXL.

For further queries, please contact:

Investor Relations

Tolle Grøterud

E-mail: ir@xxlasa.xom

Phone +47 902 729 59

Press contact

Jan Christian Thommesen

Phone: + 47 918 21 387

Email: presse@xxl.no

About XXL ASA

XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland and Denmark. It is the largest among the major sports retailers in the Nordics. 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 best prices and the widest assortment of products, focusing on branded goods.