XXL ASA - Notification of transactions by closely associated persons

05 Apr 2023 11:54 CEST

Reference is made to the stock announcement made on 9 March 2023 regarding Altor
Invest 5 AS and Altor Invest 6 AS, both close associates of primary insider and
board member in XXL ASA (the "Company"), Tom Jovik, entering into total return
swap agreements (the "TRS Agreements") providing a financial exposure to, and a
sale of, 15,068,382 and 15,068,382 underlying shares in the Company.

Altor Invest 5 AS and Altor Invest 6 AS have received required clearance under
the Austrian merger filing requirements and have today terminated the TRS
Agreements with financial exposure to 15,068,382 and 15,068,382 underlying
shares in the Company, respectively. In connection with the termination of the
TRS agreement, Altor Invest 5 AS and Altor Invest 6 AS have acquired 15,068,382
and 15,068,382 shares in the Company, respectively.

Following today's acquisition of shares, Altor Invest 5 AS will increase its
holding of shares from 48,427,094 (approximately 12.5% of the share capital) to
63,495,476 (approximately 16.4% of the share capital), while Altor Invest 6 AS
will increase its holding of shares from 48,427,097 (approximately 12.5% of the
share capital) to 63,495,379 (approximately 16.4% of the share capital).

Their aggregated holding of shares following today's acquisitions is
consequently 126,990,995, approximately 32.8% of the shares and votes in the
Company.

See further details on today's acquisitions in the attached notifications.

Contact persons, XXL ASA:
Investor Relations
Tolle Grøterud
Tel: +47 902 72 959
ir@xxlasa.com

This information is subject to disclosure requirements set out in Article 19 of
the EU Market Abuse Regulation and sections 4-2 and 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

587191_Appendices_TRS agreement.pdf