XXL ASA – Buy back of own share in relation to exercise of restricted share units

17 Feb 2025 08:07 CET

Oslo, 17 February 2025: Reference is made to the stock exchange announcement
published by XXL ASA ("XXL" or the "Company") on 7 February 2025 where the
Company announced its Q4 2024 results and that the exercise window for the
restricted share units granted to employees under the restricted share units
program for 2022 commenced on 7 February 2025 and will close today, on 17
February 2025 at 10:00 CET.

XXL hereby discloses its intention to buy back up to a maximum of 3,563 existing
shares in the Company (the "Buy-Back").

The purpose of the Buy-Back is to meet obligations arising from the Company's
restricted share units program for 2022. Shares will be acquired on various
trading venues and at or around market price on such trading venue.

The Company has mandated DNB Markets, a part of DNB Bank ASA to assist with the
Buy-Back.

A stock exchange announcement with details on the transactions will be disclosed
upon completion of the Buy-Back.

For more information, please contact:

Investor Relations:
Tolle O. R. Grøterud
Tel: +47 902 72 959
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.

More information:
Access the news on Oslo Bors NewsWeb site