XXL ASA – MANDATORY OFFER MADE BY FRASERS GROUP PLC

14 Apr 2025 17:30 CEST

Oslo, 14 April 2025: Reference is made to the stock exchange announcement
published by Frasers Group plc ("Frasers") on 14 April 2025 regarding the
mandatory offer launched by Frasers for all shares in XXL ASA ("XXL" or the
"Company") not already owned by Frasers at a price per share of NOK 10 (the
"Mandatory Offer") by publication of a mandatory offer document dated 14 April
2025 (the "Offer Document").

XXL has engaged ABG Sundal Collier ASA and Advokatfirmaet Thommessen AS to
assist the Company in connection with the Mandatory Offer. The Board of
Directors of XXL will in consultation with these advisors review the Offer
Document and consider the Mandatory Offer, and make a statement regarding the
Mandatory Offer in accordance with section 6-16 of the Norwegian Securities
Trading Act. The statement will be published by a stock exchange announcement no
later than one week prior to the expiry of the acceptance period for the
Mandatory Offer.

For further 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

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

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.

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