XXL ASA – Receipt of subscription rights by primary insiders and their close associates

Oslo, 23 August 2023: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 22 August 2023, regarding the commencement of the subscription period in the rights issue (the "Rights Issue"). As part of this process, subscription rights have been allocated to primary insiders and their close associates. Please see the attached forms for further details of the primary insiders' and their close associates' receipt of subscription rights in the Rights Issue. 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 Phone: + 47 918 21 387 Email: presse@xxl.no ABOUT XXL ASA 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 to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.