XXL

Share Issue/Capital Change • Mar 18, 2025

XXL ASA – Mandatory notification of trade

XXL ASA – Mandatory notification of trade

Oslo, 17 March 2025: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 16 March 2025 regarding the final results of the rights issue (the "Rights Issue") and the resolution to increase the share capital in connection with settlement of fees to the underwriters in the Rights Issue and the bridge loan guarantors, and to the announcements made on 4 and 14 March 2025 regarding the subscription of shares in the Rights Issue by certain primary insiders and certain close associates of primary insiders.

Please see the attached forms for further details on (i) the allocation of offer shares in the Rights Issue to primary insiders and close associates to a primary insider of the Company, and (ii) the subscription of shares as settlement of the underwriting fee and the bridge loan guarantee fee by close associates to a primary insider of the Company.

For further 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.

This information is subject to the disclosure requirements in article 19 of Regulation EU 596/2014 (the EU Market Abuse Regulation) and Section 5-12 of the Norwegian Securities Trading Act.