XXL ASA – Mandatory notification of trade

XXL ASA (the "Company") has received notifications from Altor Invest 5 AS and Altor Invest 6 AS, both close associates to primary insider and member of the board of directors, Tom Christian Jovik, regarding a share lending agreement entered into between Altor Invest 5 AS, Altor Invest 6 AS, Carnegie AS and the Company, pursuant to which Altor Invest 5 AS and Altor Invest 6 AS each has granted Carnegie AS an option to borrow up to 49,493,206 ordinary shares (class A-shares) in the Company. The loan of shares is to facilitate settlement of the new A-shares in the Company allocated in the private placement which was placed on 22 March 2024. Please see the attached forms for further details about the transactions. 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.