1. Exercise of restricted share units from 2021 

Reference is made to the stock exchange announcement of 8 February 2024 and the
exercise window for vesting restricted share units from 2021 that closed today
14 February 2024. Employees in XXL ASA have exercised 224,856 restricted share
units representing 224,856 ordinary shares. 

Following this XXL has, pursuant to authorization granted by the Annual General
Meeting on 6 June 2023, bought 224,856 of its own shares at a price of NOK
0.7172. A detailed overview of all transactions is attached. All shares will be
transferred to the employees and subsequently XXL ASA will hold no own shares
after this transfer. 


2. Restricted share units - 2024 grant 
Reference is made to the stock exchange announcement of 8 February 2024 and the
resolution to implement a program of restricted share units. The strike price
has been set to NOK 0.7472, based on the volume weighted average share price of
XXL's shares on the Oslo Stock Exchange during the five trading days from 8
February to 14 February 2024. In total around 6,700,000 restricted share units
will be granted to employees. The shares will vest after three years subject to
the holder at the time of exercise is employed in XXL. 

For further queries, please contact:

Investor Relations 
Tolle Grøterud 
E-mail: ir@xxlasa.xom 
Phone +47 902 729 59 

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 and Denmark. 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.