Oslo, 17 March 2025: Reference is made to the stock exchange announcement
published by XXL ASA (the "Company") on 16 March 2025 regarding the final
results of the rights issue (the "Rights Issue") and the resolution to increase
the share capital in connection with settlement of fees to the underwriters in
the Rights Issue and the bridge loan guarantors, and to the announcements made
on 4 and 14 March 2025 regarding the subscription of shares in the Rights Issue
by certain primary insiders and certain close associates of primary insiders. 

Please see the attached forms for further details on (i) the allocation of offer
shares in the Rights Issue to primary insiders and close associates to a primary
insider of the Company, and (ii) the subscription of shares as settlement of the
underwriting fee and the bridge loan guarantee fee 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
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 in article 19 of
Regulation EU 596/2014 (the EU Market Abuse Regulation) and Section 5-12 of the
Norwegian Securities Trading Act.