XXL

Share Issue/Capital Change • Mar 18, 2025

XXL ASA – Share capital decrease completed

XXL ASA – Share capital decrease completed

Oslo, 18 March 2025: Reference is made to the stock exchange announcement made by XXL ASA (the "Company") on 29 January 2025 regarding the extraordinary general meeting's resolution to decrease the share capital of the Company by NOK 982,966,225.50, from NOK 985,429,800 to NOK 2,463,574.50, through a decrease of the nominal value of the shares by NOK 39.9, from NOK 40 to NOK 0.10.

The resolution was published by the Norwegian Register of Business Enterprises on 30 January 2025 and followed by a six-week creditor notice period, which was completed without creditor objections.

The share capital decrease has today been registered as completed by the Norwegian Register of Business Enterprises. Following the share capital decrease, the share capital of the Company is NOK 2,463,574.50, divided into 19,562,807 ordinary shares (class A shares) and 5,072,938 non-voting shares (class B shares), in total 24,635,745 shares, each with a nominal value of NOK 0.10.

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 pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs' Continuing Obligations.