Annual Financial Report

17 March 2022

XP Power Limited

("XP Power" or "the Company")

Annual Financial Report and Notice of Annual General Meeting

XP Power announced its Annual Results for the year ended 31 December 2021 (the "Annual Results Announcement") on 1 March 2022. Further to the Annual Results Announcement, the Company is pleased to confirm that it has today published and (where applicable) posted to shareholders the Annual Report and Accounts for the year ended 31 December 2021 (the "2021 Annual Report"), and the Notice of the 2022 Annual General Meeting (the "AGM Notice").

In compliance with DTR 6.3.5(3)R, the 2021 Annual Report and AGM Notice are available to view on the Company's investors’ website at www.xppower.com.

In accordance with Listing Rule 9.6.1 a copy of each of these documents has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Enquiries:

XP Power

Gavin Griggs, Chief Executive Officer  [phone]

Oskar Zahn, Chief Financial Officer  [phone]

Citigate Dewe Rogerson

Kevin Smith/Jos Bieneman    [phone]