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ABG Sundal Collier sole financial adviser to Altor in connection with the acquisition of 12.3% of the outstanding shares in XXL

ABG Sundal Collier sole financial adviser to Altor in connection with the acquisition of 12.3% of the outstanding shares in XXL

Altor Fund IV (via Altor Invest 5 AS and Altor Invest 6 AS) (“Altor”) has today purchased 7,100,000 shares in
XXL ASA (“XXL” or the “Company”), representing 5.10% of the outstanding shares and votes in the Company, at a price of NOK 25.00 per share. After the transaction, Altor holds 14,000,000 shares in the Company, representing 10.06% of the outstanding shares and votes in the Company.
In addition, Altor will, subject to approval by an extraordinary general meeting of the Company (the “EGM”) purchase 3,096,274 treasury shares from the Company, representing 2.23% of the outstanding shares in XXL, at a price of NOK 25.00 per share. If the sale of treasury shares is approved by the EGM, Altor will hold 17,096,274 shares in the Company, representing 12.29% of the outstanding shares and votes in the Company.

About XXL:
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and
Austria. It is the largest among the major sports retailers in the Nordics and the fastest growing among the major sports retail chains in the World. 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.


About Altor:
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds
have invested in excess of EUR 4.2 billion in more than 60 companies. The investments have been made in
medium sized predominantly Nordic companies with the aim to create value through growth initiatives and
operational improvements. Among current and past investments are Dustin, Byggmax, Navico, Infotheek,
Orchid, Wrist Ship Supply, Sbanken, Rossignol, Helly Hansen, SATS and Carnegie Investment Bank. For
more information visit www.altor.com.