Appointment of Non-Executive Director

The Board of XP Power is pleased to announce the appointment of Daniel Shook as Non-Executive Director from 1 January 2025.

Daniel Shook is currently Chief Financial Officer at IMI plc, the FTSE 100 international engineering group. Having joined the IMI board in 2015, he has extensive financial management experience and knowledge of complex manufacturing processes across a range of global industrial sectors. He will be retiring from the IMI Board during 2025. Prior to IMI, Daniel was CFO and a member of the executive Board at Borealis AG, having previously held senior financial and management roles at The BOC Group plc. Daniel was a non-executive director and Audit Committee Chair of Ultra Electronics Holdings plc from 2019-2022.

On joining the XP Power Board, Daniel will be appointed as a member of the Nomination, Remuneration and Audit Committees and will take over from Polly Williams as chair of the Audit Committee following the conclusion of the Company's Annual General Meeting in April 2025.

Jamie Pike, Chair said:

"I am delighted to welcome Daniel to XP Power. Daniel brings with him significant financial and board level experience and his 30 years' experience in global manufacturing, supply chain and distribution companies across multiple geographies and sectors will be of great value to the XP board. His commitment to the sustainability agenda will be an additional asset as we continue the Group's development."

There are no other disclosures in relation to Daniel Shook's appointment to be made pursuant to Listing Rule 6.4.8.