XXL

Regulatory Filings • Jan 23, 2021

XXL ASA – Authorities to temporarily close down retail trade in greater Oslo area, Norway

XXL ASA – Authorities to temporarily close down retail trade in greater Oslo area, Norway

Oslo, Norway, 23 January 2021: Norwegian authorities has today, with effect from 12:00 CET, decided to temporarily close down retail trade other than food, pharmacies and other important supply functions in the greater Oslo area as a precautionary measure to contribute to limit the contagion of COVID-19. All retail trade, and consequently also the six XXL stores in the area, will be closed until 31 January 2021. The temporarily close down of retail trade imposed by the Norwegian authorities could be expanded to other regions on short notice and consequently more XXL stores could be closed. Norwegian authorities will continuously update on changes in the restrictions, as well as potential new regulations. XXL monitors the situation closely and will initiate actions to reduce costs during this period. XXL will at all times follow the regulations imposed by the authorities. More information regarding our stores is available on https://www.xxl.no/store-finder

For further queries, please contact:

Press contact: Andreas Nyheim

Tel: + 47 952 11 779

Email: presse@xxl.no

Investor Relations

Tolle O. R. Grøterud

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

About XXL ASA XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. 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.