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XP POWER LTD - Holding(s) in Company

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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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