REG-XP Power Ltd: Director/PDMR Shareholding

XP PowerAnnouncement

04/04/2022 16:30

4 April 2022

XP Power Limited

(“XP Power” or “the Company”)

Director/PDMR Share Transactions

XP Power, one of the world’s leading developers and manufacturers of
critical power control components to the electronics industry, announces that
it has been notified that on 31 March 2022 Mr. Andy Sng, Executive Vice
President, Asia, exercised options over 2,107 ordinary shares of 1p each in
the Company (“Ordinary Shares”) at a price of £0.01 each, and 3,320
Ordinary Shares at nil cost.

The options were granted on 16 May 2018 and 8 March 2019 under the Company's
Long-Term Incentive Plan 2017 and the 1 March 2019 and 4 March 2020 under the
Company’s Deferred Bonus Plan.

The notification below, made in accordance with the requirements of Article 19
of the EU Market Abuse Regulations, as it forms part of domestic law by virtue
of The European Union (Withdrawal) Act 2018, gives further details.

 1                  Details of the person discharging managerial responsibilities                                                                                                                                                                                              
 a)                 Name                                                                             Andy Sng                                                                                                                                                                  
 2                  Reason for the notification                                                                                                                                                                                                                                
 a)                 Position/status                                                                  Executive Vice President, Asia and Director (PDMR)                                                                                                                        
 b)                 Initial notification /Amendment                                                  Initial Notification                                                                                                                                                      
 3                  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                              
 a)                 Name                                                                             XP POWER LIMITED                                                                                                                                                          
 b)                 LEI                                                                              213800I7RWQ3FV72EZ26                                                                                                                                                      
 4                  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                                          
 a)                 Description of the financial instrument, type of instrument Identification code  Ordinary shares of £0.01 each (“Ordinary Shares”) SG9999003735                                                                                                            
 b)                 Nature of the transaction                                                        1)                                                                 Exercise of options granted on 16 May 2018 under the XP Power Limited Long-Term Incentive Plan 2017.   
                                                                                                     2)                                                                 Exercise of options granted on 8 March 2019 under the XP Power Limited Long-Term Incentive Plan 2017.  
                                                                                                     3)                                                                 Exercise of options granted on 1 March 2019 under the XP Power Limited Deferred Bonus Plan             
                                                                                                     4)                                                                 Exercise of options granted on 4 March 2020 under the XP Power Limited Deferred Bonus Plan             
                                                                                                                                                                                                                                                                               
 c)                 Price(s) and volume(s)                                                                                                                                                                                                                                     
 Price(s)           Volume(s)                                                                        
 1) £0.01           1,295                                                                            
 2) £0.01           812                                                                              
 3) £0.00           1,389                                                                            
 4) £0.00           1,931                                                                            
 d)                 Aggregated information - Aggregated volume - Price                                                                                                                                                                                                         
 Aggregated Volume  Aggregated Prices                                                                
 1) 1,295           £12.95                                                                           
 2) 812             £8.12                                                                            
 3) 1,389           £0                                                                               
 4) 1,931           £0                                                                               
 e)                 Date of the transaction                                                          1), 2) 3) and 4) 31 March 2022                                                                                                                                            
 f)                 Place of the transaction                                                         1), 2) 3) and 4) Outside a trading venue                                                                                                                                  

Enquiries:

XP Power

Gavin Griggs, Chief Executive Officer                +44 (0)118
976 5155

Oskar Zahn, Chief Financial Officer                    +44
(0)118 976 5155

Citigate Dewe Rogerson                     

Kevin Smith/Jos Bieneman        
                       +44 (0)207 638 9571



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