XXL ASA Oslo ,12 July 2024 : Reference is made to the stock exchange announcement made byXXL ASA (the "Company") on4 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 ofNOK 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 ofNOK 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 beNOK 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 ofNOK 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 inNorway ,Sweden andFinland . 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.
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