XXL

Share Issue/Capital Change • Jan 19, 2023

XXL ASA: New share capital registered

XXL ASA: New share capital registered

Oslo, 19 January 2023: Reference is made to the stock exchange announcement by XXL ASA ("XXL" or the "Company") on 17 January 2023, regarding the extraordinary general meeting held on that day. The general meeting resolved inter alia to increase the share capital of XXL in connection with the settlement of tranche 1 of the private placement placed on 21 December 2022. The share capital increase pertaining to the issuance of the 37,503,142 new shares in tranche 1 has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

The Company's registered share capital is NOK 115,975,920 divided into 289,939,800 ‬shares, each with a nominal value of NOK 0.40.

For further information, please contact:

Tolle O. R. Grøterud

Investor Relations, XXL ASA

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

About XXL'

XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act