Page 1

XXL ALL SPORTS UNITED HIGHLIGHTS1 INTERIM REPORT Q1 2021 Operating revenue of NOK 2 166 million ( NOK 2 162 million ) Sustainable strong gross margin of 40.4 per cent ( 30.1 per cent ) EBITDA of NOK 207 million ( minus NOK 36 million ) Liquidity reserves of NOK 1 181 million ( NOK 774 million ) XXL ASA Great brands Great prices Great assortment Great expertise Great accessibility 2 162 2 166 OPERATING REVENUES 2865 2823 2572 207 404 EBITDA NUMBER OF STORES 420 327 88 90 89 89 90 Q1 Q2 Q3 Q4 -36 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 ( Restated ) 2021 2020 ( Restated ) 2021 2020 2021 1 ) Please refer to definitions at the end of the report for descriptions of alternative performance measures that are used in highlights and key figures ( all numbers from Q1 2020 are restated ) PAGE 1