Oslo, 11 September 2023: Reference is made to the stock exchange announcements
published by XXL ASA (the "Company") 7 September 2023, regarding the resolution
by the board of directors to increase the share capital in connection with
settlement of underwriting commission.

The following close associates to a primary insider of the Company have
subscribed for and been allocated new shares:

Altor Invest 5 AS, a close associate to primary insider and member of the board
of directors, Tom Christian Jovik, has on 8 September 2023, subscribed for and
been allocated 12,814,329 new non-voting shares (class B shares) at a price per
share of NOK 0.72.
 
Altor Invest 6 AS, a close associate to primary insider and member of the board
of directors, Tom Christian Jovik, has on 8 September 2023, subscribed for
12,814,330 and been allocated new non-voting shares (class B shares) at a price
per share of NOK 0.72.
 
Please see the attached forms for further details on the subscriptions by close
associates to a primary insider of the Company. 

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.