XXL

Major Shareholding Notification • Sep 11, 2023

NOTIFICATION BY PRIMARY INSIDERS/RELATED PARTY TO XXL ASA

1	Details of the Primary Insider/Related Party
a)	Name	Altor Invest 5 AS
2	Reason for the notification
a)	Position/status	Close associate to primary insider and board member of the board of directors, Tom Christian Jovik
b)	Initial notification/	Initial notification
	Amendment
3	Details of the company
a)	Name	XXL ASA
b)	LEI	5967007LIEEXZXHCTC69
4		Details of the transaction(s): section to be repeated for (i) each type of instrument;
		(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the	Subscription and allocation of new non-voting shares (class B-shares) in XXL
	financial instrument,	ASA (ISIN NO0010716863).
	type of instrument
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.72	12,814,329
d)	Aggregated information — Aggregated volume — Price	12,814,329 non-voting shares (class B-shares), each with a nominal value of NOK 0.40, at a subscription price of NOK 0.72 per share and for a total of NOK 9,226,316.88.
e)	Date of the transaction	2023-09-08
f)	Place of transaction	Outside a trading venue

1	Details of the Primary Insider/Related Party
a)	Name	Altor Invest 6 AS
2	Reason for the notification
a)	Position/status	Close associate to primary insider and board member of the board of directors, Tom Christian Jovik
b)	Initial notification/	Initial notification
	Amendment
3	Details of the company
a)	Name	XXL ASA
b)	LEI	5967007LIEEXZXHCTC69
4		Details of the transaction(s): section to be repeated for (i) each type of instrument;
		(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the	Subscription and allocation of new non-voting shares (class B-shares) in XXL
	financial instrument,	ASA (ISIN NO0010716863).
	type of instrument
b)	Nature of the transaction	Subscription
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		0.72	12,814,330
d)	Aggregated information	12,814,330 non-voting shares (class B-shares), each with a nominal value of
	— Aggregated volume — Price	NOK 0.40, at a subscription price of NOK 0.72 per share and for a total consideration of NOK 9,226,317.60.
e)	Date of the transaction	2023-09-08
f)	Place of transaction	Outside a trading venue