XXL ASA – New share capital registered

Oslo, 11 September 2023: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 6 September 2023 regarding the final results of the fully underwritten rights issue of 1,250,001,065 new shares in the Company, each with a nominal value of NOK 0.40, at a subscription price of NOK 0.40 per share (the "Rights Issue"). Reference is further made to the stock exchange announcement published by the Company on 7 September 2023 regarding the resolution by the board of directors to increase the share capital in connection with settlement of underwriting commission.

The share capital increases pertaining to the issuance of the 1,250,001,065 new shares, divided into 945,922,056 ordinary shares (class A-shares) and 304,079,009 non-voting shares (class B-shares) in the Rights Issue and the issuance of the 25,628,659 new non-voting shares (class B-shares) in connection with the settlement of underwriting commission have today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The new class A-shares will be issued in Euronext Securities Oslo (CSD) on the listed ISIN NO 0010716863 and the new class B-shares will be issued in CSD on the unlisted ISIN NO 0013014589.

The Company's registered share capital is NOK 665,429,772 divided into 1,333,866,762 ordinary shares (class A shares) and 329,707,668 non-voting shares (class B shares), in total 1,663,574,430 shares, each with a nominal value of NOK 0.40.

For further queries, please contact:

Investor Relations

Tolle. O. R. Grøterud

Tel: +47 90 27 29 59

E-mail: ir@xxlasa.com

Press contact

Jan Christian Thommesen

Phone: + 47 918 21 387

E-mail: 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.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.