XXL

Share Issue/Capital Change • Feb 17, 2025

XXL ASA – Completion buy back of own share in relation to exercise of restricted share units

XXL ASA – Completion buy back of own share in relation to exercise of restricted share units

Oslo, 17 February 2025: Reference is made to the stock exchange announcement published by XXL ASA ("XXL" or the "Company") on 17 February 2025 regarding the intention of XXL to buy back own shares in the Company for the purpose of meeting obligations arising from the Company's restricted share units program for 2022.

The Buy-Back has now been completed. The Company acquired 2,531 shares for an average price of NOK 12,9855 per share. Please see attached overview of the individual transactions for further information. All shares will be transferred to the employees participating in the restricted share units program.

DNB Markets, a part of DNB Bank ASA managed the Buy-Back.

For more information, please contact:

Investor Relations:

Tolle O. R. Grøterud

Tel: +47 902 72 959

E-mail: ir@xxlasa.com

Press contact:

Jan Christian Thommesen

Tel: +47 918 21 387

E-mail: presse@xxl.no

About XXL ASA

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