XXL

Share Issue/Capital Change • Dec 21, 2022

NOTIFICATION BY PRIMARY INSIDERS/RELATED PARTY TO XXL ASA

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Funkybiz AS
2	Reason for the notification
a)	Position/status	Close associate to primary insider and chair of the board of directors, Hugo Maurstad
b)	Initial notification/	Initial notification
	Amendment
3	Details of the company
a)	Name	XXL ASA
b)	LEI	5967007LIEEXZXHCTC69
4		Details of the transaction(s): section to be repeated for (i) each type of instrument;
		(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the	Nature of instrument: shares
	financial instrument, type	Instrument identification code (ISIN): NO0010716863.
	of instrument
b)	Nature of the transaction	Allocation of new shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		NOK 3.70	2,702,703
d)	Aggregated information — Aggregated volume — Price	Allocation of 2,702,703 new shares for a total consideration of NOK 10,000,001.
e)	Date of the transaction	2022-12-21
f)	Place of transaction	XOFF - Outside a trading venue