RetailBook Offer

The Issue Price for the new Ordinary Shares is 975 pence per new Ordinary Share, representing a discount of 5.2 per cent to the closing price of the Company's existing Ordinary Shares on 3 March 2025;

The RetailBook Offer is available to both existing shareholders and new investors;

There is a minimum subscription of £50 per investor in the RetailBook Offer;

No commission will be charged by RetailBook on applications to the RetailBook Offer.

The RetailBook Offer

XP Power (LON: XPP), the developer and manufacturer of critical power control solutions to the electronics industry is pleased to announce a conditional retail offer of new ordinary shares in the capital of the Company ("Ordinary Shares") via RetailBook (the "RetailBook Offer") at an issue price of 975 pence per new Ordinary Share (the "Issue Price"), being a discount of 5.2 per cent to the closing price of the Company's existing Ordinary Shares on 3 March 2025. The Company is also conducting a placing of new Ordinary Shares to institutional investors by way of an accelerated bookbuilding process (the "Placing" and together with the RetailBook Offer, the "Fundraise") as announced by the Company earlier today. For the avoidance of doubt, the RetailBook Offer is not part of the Placing.

The RetailBook Offer is conditional on the new Ordinary Shares to be issued pursuant to the RetailBook Offer and the Placing being admitted to listing in the Equity Shares (Commercial Companies) category of the Official List of the Financial Conduct Authority and admitted to trading on the main market for listed securities of London Stock Exchange plc ("Admission"). Admission is expected to take place at 8:00 a.m. on 6 March 2025.

The RetailBook Offer will not be completed without the Placing also being completed.

The Company will use the gross proceeds of the Fundraise to strengthen the balance sheet, providing additional financial flexibility, and complete the build and fit out of the Group's Malaysia facility.

Reason for the RetailBook Offer

The Company values its retail shareholder base and believes that it is in the best interests of shareholders as well as wider stakeholders, to provide retail investors in the United Kingdom, the opportunity to participate in the RetailBook Offer in line with the Pre-Emption Group guidelines.

The RetailBook Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The RetailBook Offer is expected to close at 12:00 p.m. on 4 March 2025 and may close earlier at the discretion of the Company or if it is oversubscribed.

AJ Bell;

Hargreaves Lansdown; and

interactive investor.

Eligibility for the RetailBook Offer

Some partners may only accept applications from existing shareholders and/or existing customers.

There is a minimum subscription of £50 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the RetailBook Offer.

It is a term of the RetailBook Offer that the aggregate value of the shares available for subscription at the Issue Price pursuant to the RetailBook Offer does not exceed £2 million.