XXL — Director's Dealing 2025

May 27, 2025

XXL ASA – Mandatory notification of trade

XXL ASA – Mandatory notification of trade

Reference is made to the stock exchange announcement on 15 April 2025 regarding Frasers Group Plc's ("Frasers") mandatory offer (the "Offer") to acquire all of the issued and outstanding shares in XXL ASA (the "Company") for NOK 10 per share.

Altor Invest 5 AS and Altor Invest 6 AS, both close associates of board member Tom Christian Jovik, have today accepted the Offer from Frasers for all of their shares in the Company.

Please see the attached forms for further information.

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.