Oslo ,19 January 2023 : Reference is made to the stock exchange announcement byXXL ASA ("XXL" or the "Company") on17 January 2023 , regarding the extraordinary general meeting held on that day. The general meeting resolved inter alia to increase the share capital of XXL in connection with the settlement of tranche 1 of the private placement placed on21 December 2022 . The share capital increase pertaining to the issuance of the 37,503,142 new shares in tranche 1 has today been registered with theNorwegian Register ofBusiness Enterprises (Nw. Foretaksregisteret). The Company's registered share capital isNOK 115,975,920 divided into 289,939,800 shares, each with a nominal value ofNOK 0.40 . For further information, please contact: Tolle O. R. Grøterud Investor Relations,XXL ASA Tel: +47 90 27 29 59 E-mail: ir@xxlasa.com About XXL' XXL is a leading sports retailer with stores and e-commerce inNorway ,Sweden ,Finland ,Denmark andAustria . 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 of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
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