XXL

Notice of Dividend Amount • Dec 23, 2021

Notification of trade

Notification of trade

Restricted share unit programs – dividend reinvested

Reference is made to previous stock exchange announcements concerning programs of restricted share units for employees in XXL. According to the terms of these programs, an amount equal to the dividends distributed on the number of shares comprised by the programs shall be reinvested into new restricted share units that are allocated to the participants in the programs.

A dividend of NOK 0.99 per share was paid out to the XXL shareholders today, Thursday 23 December 2021. As a consequence of such distribution, one of the primary insiders in XXL has been allocated additional restricted share units:

- Magnus Kreuger, Managing Director Austria, has been allocated 359 additional restricted share units. See attachment for further details.

For further queries, please contact:

Tolle O. R. Grøterud

Investor Relations, XXL ASA

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and section 5-12 of the Norwegian Securities Trading Act.