XXL ASA – Mandatory notification of trade

Oslo, 28 May 2024: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 24 May 2024, regarding the commencement of the subscription period in the subsequent offering (the "Subsequent Offering"). As part of this process, subscription rights have been allocated to primary insiders and their close associates. In addition, the Company has been informed that certain primary insiders and close associates to primary insiders have exercised their subscription rights and subscribed for new shares. Please see the attached forms for further details of the primary insiders' and their close associates' receipt and exercise of subscription rights in the Subsequent Offering. For further queries, please contact: Investor Relations Tolle O. R. Grøterud Tel: +47 90 27 29 59 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. 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.