XXL ASA: New share capital registered

19 Jan 2023 11:09 CET

Oslo, 19 January 2023: Reference is made to the stock exchange announcement by
XXL ASA ("XXL" or the "Company") on 17 January 2023, regarding the extraordinary
general meeting held on that day. The general meeting resolved inter alia to
increase the share capital of XXL in connection with the settlement of tranche 1
of the private placement placed on 21 December 2022. The share capital increase
pertaining to the issuance of the 37,503,142 new shares in tranche 1 has today
been registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret).

The Company's registered share capital is NOK 115,975,920 divided into
289,939,800 ‬shares, each with a nominal value of NOK 0.40.

For further information, please contact:

Tolle O. R. Grøterud
Investor Relations, XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com

About XXL'
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 of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

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