XXL ASA (the "Company") has received notifications from Altor Invest 5 AS and
Altor Invest 6 AS, both close associates to primary insider and member of the
board of directors, Tom Christian Jovik, regarding the re-delivery by Carnegie
AS of shares relating to the share lending agreement entered into between Altor
Invest 5 AS, Altor Invest 6 AS, Carnegie AS and the Company, pursuant to which
Altor Invest 5 AS and Altor Invest 6 AS each granted Carnegie AS an option to
borrow up to 49,493,206 ordinary shares (class A-shares) in the Company.
 
The new shares were issued following the registration of the share capital
increase with the Norwegian Register of Business Enterprises yesterday, on 18
April 2024, and subsequently, Carnegie AS returned 49,493,206 and 49,493,206
A-shares to Altor Invest 5 and Altor Invest 6, respectively.

The loan of shares was to facilitate settlement of the new A-shares in the
Company allocated in the private placement which was placed on 22 March 2024. 

Please see the attached forms for further details about the transactions. 

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.