Oslo, 17 February 2025: Reference is made to the stock exchange announcement
published by XXL ASA ("XXL" or the "Company") on 17 February 2025 regarding the
intention of XXL to buy back own shares in the Company for the purpose of
meeting obligations arising from the Company's restricted share units program
for 2022.

The Buy-Back has now been completed. The Company acquired 2,531 shares for an
average price of NOK 12,9855 per share. Please see attached overview of the
individual transactions for further information. All shares will be transferred
to the employees participating in the restricted share units program.

DNB Markets, a part of DNB Bank ASA managed the Buy-Back.

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.