Mandatory offer – offer document approved

Finanstilsynet, in capacity as takeover supervisory authority, has approved the offer set out in the offer document dated 14 April 2025 in respect of:

Mandatory offer to acquire the shares in XXL ASA made by Frasers Group plc

Offer price: NOK 10 per share in cash

Acceptance period: From and including 15 April 2025 to 16:30 hours (CEST) on 13 May 2025 (subject to extension(s))

Receiving agent: Danske Bank A/S NUF

Availability of the offer document: www.danskebank.no/xxl