XXL ASA – Authorities to temporarily close down retail trade in Austria

Oslo, Norway, 19 December 2020: Austrian authorities has today yet again, with effect from Monday 28 December 2020, decided to temporarily close down retail trade other than food, pharmacies and other important supply functions in the country as a precautionary measure to contribute to limit the contagion of COVID-19. All retail trade, and consequently also the seven XXL stores in Austria, opened as planned on 7 December 2020 after being locked down since 17 November 2020, but will again be closed from Monday 28 December 2020. The temporarily close down of retail trade imposed by the Austrian authorities will last until 17 January 2021. XXL monitors the situation closely and will initiate several actions to reduce costs during this period, and the financial effects are estimated to be limited.

For further queries, please contact:

Press contact:

Andreas Nyheim

Tel: + 47 952 11 779

Email: presse@xxl.no

Investor Relations

Tolle O. R. Grøterud

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

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.