REG-XP Power Ltd: Holding(s) in Company

XP PowerAnnouncement

22/11/2021 07:05

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

SG9999003735

Issuer Name

XP Power Limited

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Aggregate of abrdn plc affiliated investment management entities with
delegated voting rights on behalf of multiple managed portfolios

City of registered office (if applicable)

Edinburgh

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

18-Nov-2021

6. Date on which Issuer notified

19-Nov-2021

7. Total positions of person(s) subject to the notification obligation

                                     .                                      % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer  
 Resulting situation on the date on which threshold was crossed or reached                        12.978505                                                        0.000000                                             12.978505                              2,548,303                   
 Position of previous notification (if applicable)                                                  12.52                                                            0.00                                                 12.52                                                            

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)  
 SG9999003735                                                                                           2,548,303                                                                      12.978505                
 Sub Total 8.A                                                                      2,548,303                                                                        12.978505                                  

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is exercised/converted  % of voting rights  
                                                                                                                                                                                       
 Sub Total 8.B1                                                                                                                                                                        

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights  
                                                                                                                                                      
 Sub Total 8.B2                                                                                                                                       

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking                % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold  
 abrdn plc                                                                                                                                                                                                                                                                                                                               
 abrdn plc                    Standard Life Investments (Holdings) Limited                                                                                                                                                                                                                                                               
 abrdn plc                    Standard Life Investments Limited                                              9.797769                                                                                   0.000000                                                                                 9.797769                                
                                                                                                                                                                                                                                                                                                                                         
 abrdn plc                                                                                                                                                                                                                                                                                                                               
 abrdn plc                    Aberdeen Asset Management PLC                                                                                                                                                                                                                                                                              
 abrdn plc                    Aberdeen Asset Managers Limited                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                         
 abrdn plc                                                                                                                                                                                                                                                                                                                               
 abrdn plc                    Standard Life Investments (Holdings) Limited                                                                                                                                                                                                                                                               
 abrdn plc                    Ignis Asset Management Limited                                                                                                                                                                                                                                                                             
 abrdn plc                    Ignis Investment Services Limited                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                         
 abrdn plc                                                                                                                                                                                                                                                                                                                               
 abrdn plc                    Aberdeen Asset Management PLC                                                                                                                                                                                                                                                                              
 abrdn plc                    Aberdeen Asset Investment Group Limited                                                                                                                                                                                                                                                                    
 abrdn plc                    Aberdeen Asset Investments Limited                                                                                                                                                                                                                                                                         

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

In reference to section 9, the shares detailed are managed by the named
discretionary investment management entity within multiple portfolios on
behalf of underlying clients, based on investment management agreements
whereby the client has delegated the exercise of the voting power to the
referenced investment manager.

This disclosure is to reflect the fact that the voting rights held indirectly
by the underlying investment management entity Standard Life Investments
Limited ("SLIL") decreased below a notifiable threshold on 18 November 2021
due to an internal in-specie transfer. SLIL now holds the delegated voting
rights to 9.797769% of the shares in XP Power Limited. Prior to this crossing,
SLIL held 10.394281% of the delegated voting rights.

12. Date of Completion

19-Nov-2021

13. Place Of Completion

Aberdeen, United Kingdom



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