XXL

Major Shareholding Notification • Jun 19, 2019

XXL ASA - Disclosure of shareholding

XXL ASA - Disclosure of shareholding

Altor Fund IV (via Altor Invest 5 AS and Altor Invest 6 AS) (“Altor”) has today purchased 7,100,000 shares in XXL ASA (“XXL” or the “Company”), representing 5.10% of the outstanding shares and votes in the Company, at a price of NOK 25.00 per share. After the transaction, Altor holds 14,000,000 shares in the Company, representing 10.06% of the outstanding shares and votes in the Company.

In addition, Altor will, subject to approval by an extraordinary general meeting of the Company (the “EGM”) purchase 3,096,274 treasury shares from the Company, representing 2.23% of the outstanding shares in XXL, at a price of NOK 25.00 per share. If the sale of treasury shares is approved by the EGM, Altor will hold 17,096,274 shares in the Company, representing 12.29% of the outstanding shares and votes in the Company.

ABG Sundal Collier ASA has acted as sole financial adviser to Altor in connection with acquisition of shares in XXL.

This disclosure is made pursuant to section 4-3 of the Norwegian Securities Trading Act.