XXL

Director's Dealing • May 18, 2020

XXL ASA - Mandatory notification of trade

XXL ASA - Mandatory notification of trade

Art Vandelay Industries AS, a closely related party and a company controlled by Board member and primary insider Maria Aas-Eng, has today sold 24,000 shares in XXL ASA at a price of NOK 10.70. Following this transaction, Maria Aas-Eng owns no shares in XXL ASA including closely related parties.

Reference is made to the stock exchange announcement published by XXL ASA today regarding the implementation of an investment program for certain Board members. Maria Aas-Eng will through her wholly owned company Pennypacker Inc AS invest NOK 0.5 million in XMI, equal to 797 shares in XMI, which will provide her with an indirect ownership of 0.12% in XXL Sport & Villmark AS as part of the Investment Program.

For further queries please contact:

Tolle O. R. Grøterud

Investor Relations XXL ASA

+47 90272959

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