XXL ASA – Mandatory notification of trade

28 May 2024 16:39 CEST

Oslo, 28 May 2024: Reference is made to the stock exchange announcement
published by XXL ASA (the "Company") on 24 May 2024, regarding the commencement
of the subscription period in the subsequent offering (the "Subsequent
Offering"). As part of this process, subscription rights have been allocated to
primary insiders and their close associates. In addition, the Company has been
informed that certain primary insiders and close associates to primary insiders
have exercised their subscription rights and subscribed for new shares.

Please see the attached forms for further details of the primary insiders' and
their close associates' receipt and exercise of subscription rights in the
Subsequent Offering.

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
Tel: +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
and Finland. 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 article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

619928_XXL ASA - PDMR (subscription).pdf
619928_XXL ASA - PDMR (receipt).pdf