XXL

Regulatory Filings • Jan 4, 2021

XXL ASA – Authorities to prolong the temporarily close down of retail trade in Austria

XXL ASA – Authorities to prolong the temporarily close down of retail trade in Austria

Oslo, Norway, 4 January 2021: Reference is made to the release of 18 December 2020 when Austrian authorities, with effect from Monday 28 December 2020, decided to temporarily close down retail trade other than food, pharmacies and other important supply functions in the country as a precautionary measure to contribute to limit the contagion of COVID-19. The temporarily close down of retail trade imposed by the Austrian authorities was prolonged today and will now last until 24 January 2021, a week longer than anticipated. This could also be further prolonged. XXL monitors the situation closely and will initiate several actions to reduce costs during this period, and the financial effects are estimated to be limited.

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: +47 902 72 959

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.