XXL

Transaction in Own Shares • Dec 15, 2020

XXL ASA – End of program to repurchase own shares

XXL ASA – End of program to repurchase own shares

XXL ASA announced a program to buy-back own shares on 27 October 2020 and has on 15 December 2020 completed the program. In the period XXL ASA purchased a total of 4,970,000 shares in the market at an average price of NOK 20.10 per share, for an aggregate consideration of NOK 99,910,671. The shares purchased will be used to optimize capital structure by cover for shares to the long term management investment program

For further queries, please contact:

Tolle O. R. Grøterud

Investor Relations, XXL ASA

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.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act