Oslo, 18 March 2025: Reference is made to the stock exchange announcement made
by XXL ASA (the "Company") on 29 January 2025 regarding the extraordinary
general meeting's resolution to decrease the share capital of the Company by NOK
982,966,225.50, from NOK 985,429,800 to NOK 2,463,574.50, through a decrease of
the nominal value of the shares by NOK 39.9, from NOK 40 to NOK 0.10.

The resolution was published by the Norwegian Register of Business Enterprises
on 30 January 2025 and followed by a six-week creditor notice period, which was
completed without creditor objections. 

The share capital decrease has today been registered as completed by the
Norwegian Register of Business Enterprises. Following the share capital
decrease, the share capital of the Company is NOK 2,463,574.50, divided into
19,562,807 ordinary shares (class A shares) and 5,072,938 non-voting shares
(class B shares), in total 24,635,745 shares, each with a nominal value of NOK
0.10.

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
Tel: +47 918 21 387
E-mail: presse@xxl.no

About XXL ASA 
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 and the requirements of Oslo Børs'
Continuing Obligations.