XXL ASA ("XXL" or the "Company") has received a letter from Frasers Group plc
("Frasers") dated 19 December 2024 in which Frasers demands that the following
resolution shall be considered and voted on by the Company's general meeting:

"The process in XXL ASA in connection with the proposed Alternative Rights Issue
in XXL Holding ASA shall be investigated pursuant to the Norwegian Public
Limited Liability Companies Act Section 5-25, with a view to clarifying the
factual circumstances and legality of the proposal and connected extraordinary
transactions (including, but not limited to, the circumvention of the 2/3
majority requirements for share capital increases, equal treatment requirements
measured against dilutive transactions between the company and specific larger
shareholders, compliance with duty of disclosure etc.), and other circumstances
that may harm XXL or its shareholders as a result of the proposals."

Frasers has requested that a revised notice for the extraordinary general
meeting called for 7 January 2025 be distributed in order for the above proposal
to be considered at that extraordinary general meeting. However, the letter from
Frasers was sent too late for inclusion of the proposal in the agenda for the 7
January 2025 extraordinary general meeting as there are less than 21 days to
that date, which is the minimum notice period for general meetings in Norwegian
public limited companies listed on the Oslo Stock Exchange. The Company will
accordingly call for a separate extraordinary general meeting to consider and
vote on the proposal from Frasers. That extraordinary general meeting will be
held no later than one month from the date of Frasers' letter.

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 ASA 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 considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Tolle O. R. Grøterud, Investor Relations Officer
at XXL ASA, on 20 December 2024 at 09:40 CET.