XXL

Transaction in Own Shares • Nov 24, 2020

XXL ASA – Purchase own shares

XXL ASA – Purchase own shares

Reference is made to the stock exchange release on 27 October 2020 announcing a program to repurchase own shares.

As part of this program, XXL ASA purchased 150,000 own shares today, 24 November 2020. The shares were purchased at an average price of NOK 19.34 per share.

After this transaction XXL ASA holds 2,530,000 own shares, representing 1.00 per cent of the outstanding number of shares.

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