XXL ASA – Extension of Swedish temporarily tax deferral

Oslo, Norway, 14 August 2023: Reference is made to XXL ASA's (“XXL”) announcement made on 18 June 2023 by which it was announced that XXL's Swedish subsidiary had received a temporary deferral until 12 September 2023 of tax payments for 2021 in the amount of SEK 345 million. The Company has applied to the Swedish tax authorities for a further deferral until 12 September 2024, and that application has now been approved. This means that the tax payments for 2021 in the amount of SEK 345 million will become due and payable on 12 September 2024, unless a further deferral is being granted.

For further queries, please contact:

Investor Relations

Tolle O. R. Grøterud

Tel: +47 902 72 959

E-mail: ir@xxlasa.com

Press contact:

Jan Christian Thommesen

Tel: + 47 918 21 387

E-mail: presse@xxl.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement was published by Tolle O. R. Grøterud, Investor Relations Officer, on 14 August 2023 at the time set out above.

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.