Oslo, 12 July 2024: Reference is made to the stock exchange announcement made by
XXL ASA (the "Company") on 4 June 2024, regarding the annual general meeting
held on that day where it was announced that the general meeting resolved to,
inter alia, grant the board of directors an authorization to increase the share
capital to facilitate a reverse share split. 

The board of directors has today resolved to increase the share capital with a
total of NOK 28.40, by the issuance of 29 new ordinary shares (class A-shares)
and 42 new non-voting shares (class B-shares), in total 71 new shares, each with
a nominal value of NOK 0.40. The new ordinary shares (class A-shares) will be
issued and registered in the CSD with ISIN NO 0010716863 and the new non-voting
shares (class B-shares) will be issued in and registered in the CSD with ISIN NO
0013014589.

Upon registration of the share capital increase, the Company's registered share
capital will be NOK 985,429,800, divided into 1,956,280,700 ordinary shares
(class A-shares) and 507,293,800 non-voting shares (class B-shares), each with a
nominal value of NOK 0.40.

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:
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 pursuant to Section 5
-12 of the Norwegian Securities Trading Act.