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

TR-1: Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i)                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                          
 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:                                                                                                                                     XP Power Limited                                                                         
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)                                                                                                                                                                                                                                            
 Non-UK issuer                                                                                                                                                                                                                                                                                                       X                    
 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)                                                                                                                                                                                                                                                    
 An acquisition or disposal of voting rights                                                                                                                                                                                                                                                                         X                    
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                                                      
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                                                                         
 Other (please specify) (iii):                                                                                                                                                                                                                                                                                                            
 3. Details of person subject to the notification obligation                                                                                                                                                                                                                                                                              
 Name                                                                                                                                                                     Aggregate of Standard Life Aberdeen plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios         
 City and country of registered office (if applicable)                                                                                                                    Edinburgh, Scotland                                                                                                                                             
 4. Full name of shareholder(s) (if different from 3.) (v)                                                                                                                                                                                                                                                                                
 Name                                                                                                                                                                                                                                                                                                                                     
 City and country of registered office (if applicable)                                                                                                                                                                                                                                                                                    
 5. Date on which the threshold was crossed or reached (vi):                                                                                                              10/08/2018                                                                                                                                                      
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                           13/08/2018                                                                                                                                                      
 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 of issuer (vii)                                   
 Resulting situation on the date on which threshold was crossed or reached                          16.63                                                               0.00                                                       16.63                                                    19,234,796                                    
 Position of previous notification (if applicable)                                                  16.53                                                               0.00                                                       16.53                                                                                                  
                                                                                                                                                                                                                                                                                                                                          

   

 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii)                                                                                                                                                                                      
 A: Voting rights attached to shares                                                                                                                                                                                                                                                                  
 Class/type of                                   Number of voting rights (ix)                                                                                                  % of voting rights                                                                                                     
 shares ISIN code (if possible)                                                                                                                                                                                                                                                                       
                                                   Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)             Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                 Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)         Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)  
 SG9999003735                                                             N/A                                                         3,198,851                                                              N/A                                                       16.63                          
                                                                                                                                                                                                                                                                                                      
 SUBTOTAL 8. A                                                                                             3,198,851                                                                                                                   16.63                                                          
                                                                                                                                                                                                                                                                                                      
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))                                                                                                                                                                                                      
 Type of financial instrument                    Expiration                 Exercise/                                                          Number of voting rights that may be acquired if the instrument is  Exercised/converted.         % of voting rights                                     
                                                 date (x)                   Conversion Period (xi)                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                      
                                                                            SUBTOTAL 8. B 1                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                      
 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))                                                                                                                                                                         
 Type of financial instrument  Expiration                                   Exercise/                                      Physical or cash  settlement (xii)                                                  Number of voting rights         % of voting rights                                     
                               date (x)                                     Conversion Period (xi)                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                      
                                                                                                                           SUBTOTAL 8.B.2                                                                                                                                                             
                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                      

   

 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)                                                                                                                                                                                                                             
 Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii)                                                                                                                         
 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 entity (xiv)(please add additional rows as necessary)                                                                                     X                   
                           Name (xv)                            % 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                
 Standard Life Aberdeen plc                                                                                                                                                                                                                                                                                                                               
 Standard Life Investments (Holdings) Limited                                                                                                                                                                                                                                                                                                             
 Standard Life Investments Limited                                                                 11.14                                                                                      0.00                                                                                                   11.14                                                
                                                                                                                                                                                                                                                                                                                                                          
 Standard Life Aberdeen plc                                                                                                                                                                                                                                                                                                                               
 Aberdeen Asset Management PLC                                                                                                                                                                                                                                                                                                                            
 Aberdeen Asset Managers Limited                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
 Standard Life Aberdeen plc                                                                                                                                                                                                                                                                                                                               
 Aberdeen Asset Management PLC                                                                                                                                                                                                                                                                                                                            
 Aberdeen Asset Investment Group Limited                                                                                                                                                                                                                                                                                                                  
 Aberdeen Asset Investments Limited                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                          
 Standard Life Aberdeen plc                                                                                                                                                                                                                                                                                                                               
 Standard Life Investments (Holdings) Limited                                                                                                                                                                                                                                                                                                             
 Ignis Asset Management Limited                                                                                                                                                                                                                                                                                                                           
 Ignis Investment Services Limited                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                          
 10. In case of proxy voting, please identify:                                                                                                                                                                                                                                                                                                            
 Name of the proxy holder                                                                                                                   N/A                                                                                                                                                                                                           
 The number and % of voting rights held                                                                                                     N/A                                                                                                                                                                                                           
 The date until which the voting rights will be held                                                                                        N/A                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                          
 11. Additional information (xvi)                                                                                                                                                                                                                                                                                                                         
 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 intermediate holding company Aberdeen Asset Management PLC (“AAMPLC”) increased above the 5% 
 notifiable threshold due to an in-specie transfer on 10 August 2018. AAMPLC now effectively holds the delegated voting rights to 5.04% of the shares in XP Power Limited. Prior to this crossing, AAMPLC effectively held 4.99% of the delegated voting rights.                                                                                          
                                                                                                                                                                                                                                                                                                                                                          

   

 Place of completion  Aberdeen, United Kingdom  
 Date of completion   13/08/2018                



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