XXL ASA – Mandatory notification of trade

Oslo, 12 September 2023: Reference is made to the stock exchange announcements published by XXL ASA (the "Company") earlier today, on 12 September 2023, regarding the delivery of existing ordinary shares (class A shares) held in treasury by the Company to certain underwriters. Altor Invest 5 AS and Altor Invest 6 AS, both close associates of primary insider and member of the board of directors of the Company, Tom Jovik, received 1,982,680 and 1,982,681 treasury shares (class A shares), respectively, each at a price of NOK 0.72. Please see the attached forms for further details. 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.