XXL ASA – Mandatory notification of trade

Oslo, 4 March 2025: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 28 February 2025 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. In addition, the Company has been informed that certain 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 Rights Issue. For more 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 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 in article 19 of Regulation EU 596/2014 (the EU Market Abuse Regulation) and Section 5-12 of the Norwegian Securities Trading Act.