XXL ASA - Notice of Extraordinary General Meeting

With reference to the announcement sent to the Oslo Stock Exchange on 15 July 2021, notice is hereby given that the Extraordinary General Meeting of XXL ASA will be held at the company's headquarter, Strømsveien 245, Alna Senter, Oslo, Norway on Thursday 16 September 2021 at 09.00 CET.

Please find the full notice with the agenda attached.

All relevant documents are available on www.xxlasa.com/general-meetings

Updated key information relating to the proposed cash dividend

The Board of Directors of XXL ASA proposes a total extraordinary dividend of NOK 1.98 per share to the Extraordinary General Meeting on 16 September 2021.

The dividend will be split into two tranches of NOK 0.99 per share to be paid in September and December 2021, respectively. The total extraordinary dividends is NOK 500 million. The two tranches will have separate ex. dividend and record dates.

September 2021 tranche:

Dividend amount: NOK 0.99 per share

Declared currency: NOK

Last day including right: 16 September 2021

Ex-date: 17 September 2021

Record date: 20 September 2021

Payment date: 24 September 2021

Date of approval: 16 September 2021

December 2021 tranche:

Dividend amount: NOK 0.99 per share

Declared currency: NOK

Last day including right: 15 December 2021

Ex-date: 16 December 2021

Record date: 17 December 2021

Payment date: 23 December 2021

Date of approval: 16 September 2021

For further queries, please contact:

Investor Relations:

Tolle O. R. Grøterud

Phone: +47 90 27 29 59

E-mail: ir@xxlasa.com

Press contact:

Andreas Nyheim

Phone: + 47 952 11 779

Email: presse@xxl.no

About XXL ASA

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.