XP Power Ltd - Grant of LTIP and RSP awards

1 May 2026 XP Power Limited ("XP Power" or "the Company") Grant of Restricted Share Plan and Long Term Incentive Plan awards The Company announces that on 30 April 2026, Executive Directors of the Company, Gavin Griggs and Matt Webb, were awarded nominal priced options over ordinary shares of 1 pence each in the Company ("Ordinary Shares"), under the XP Power Limited Restricted Share Plan 2020 (the "RSPs") and the XP Power Limited Long Term Incentive Plan 2017 (the "LTIPs"). The RSPs are subject to a five-year vesting period, with no performance conditions attached. The vesting of the LTIPs, after five years, is conditional on meeting performance conditions measured at the end of a three-year period. The five-day average of the closing mid-market quotation prior to the date of grant used to calculate the number of options granted under the LTIP and RSP, was £15.66. These grants represent the additional awards to bring the overall LTIP awards granted in FY26 up to the levels permitted within the Directors' Remuneration Policy approved at the 2026 AGM, as disclosed in the Directors Remuneration Report, with the same vesting conditions as per the awards granted on 10 March 2026. The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details. +--+----------------------------+--+------------------------+ |1 |Details of the person | | |discharging managerial | | |responsibilities | +--+----------------------------+--+------------------------+ |a)|Name |Gavin Griggs | +--+----------------------------+--+------------------------+ |2 |Reason for the notification | +--+----------------------------+--+------------------------+ |a)|Position/status |Chief Executive | | | |Officer (PDMR) | +--+----------------------------+--+------------------------+ |b)|Initial notification |Initial Notification | | |/Amendment | | +--+----------------------------+--+------------------------+ |3 |Details of the issuer, | | |emission allowance market | | |participant, auction | | |platform, auctioneer or | | |auction monitor | +--+----------------------------+--+------------------------+ |a)|Name |XP POWER LIMITED | +--+----------------------------+--+------------------------+ |b)|LEI |213800I7RWQ3FV72EZ26 | +--+----------------------------+--+------------------------+ |4 |Details of the | | |transaction(s): section to be | | |repeated for (i) each type of | | |instrument; (ii) each type of | | |transaction; (iii) each date; | | |and (iv) each place where | | |transactions have been | | |conducted | +--+----------------------------+--+------------------------+ |a)|Description of the financial|Ordinary shares of | | |instrument, type of |£0.01 each | | |instrument |("Ordinary Shares") | | | | | | |Identification code |SG9999003735 | +--+----------------------------+--+------------------------+ |b)|Nature of the transaction |1)|Award of nominal value | | | | |options over Ordinary | | | | |Shares as part of the XP| | | | |Power Limited Restricted| | | | |Share Plan 2020. The | | | | |vesting of the award | | | | |after five years is not | | | | |subject to performance | | | | |conditions. There is no | | | | |price payable on the | | | | |grant or vesting of the | | | | |option. On exercise, the| | | | |option price of £0.01 | | | | |per share is payable. | +--+----------------------------+--+------------------------+ | | |2)|Award of nominal value | | | | |options over Ordinary | | | | |Shares as part of the XP| | | | |Power Limited Long Term | | | | |Incentive Plan 2017. The| | | | |potential vesting of the| | | | |award after five years | | | | |is subject to the | | | | |achievement of | | | | |performance conditions | | | | |assessed at the end of a| | | | |three-year period. There| | | | |is no price payable on | | | | |the grant or vesting of | | | | |the option. On exercise,| | | | |the option price of | | | | |£0.01 per share is | | | | |payable. | +--+----------------------------+--+------------------------+ | | | | +--+----------------------------+--+------------------------+ |c)|Price(s) and volume(s) | | | | |+--------+---------+ | | | ||Price(s)|Volume(s)| | | | |+--------+---------+ | | | ||1) Nil |937 | | | | |+--------+---------+ | | | ||2) Nil |7,498 | | | | |+--------+---------+ | +--+----------------------------+--+------------------------+ |d)|Aggregated information |  8,435 | | | | | | |- Aggregated volume |  Nil | | | | | | |- Price | | +--+----------------------------+--+------------------------+ |e)|Date of the transaction |  30 April 2026 | +--+----------------------------+--+------------------------+ |f)|Place of the transaction |  Outside a trading | | | |venue | +--+----------------------------+--+------------------------+ +--+----------------------------+--+------------------------+ |1 |Details of the person | | |discharging managerial | | |responsibilities | +--+----------------------------+--+------------------------+ |a)|Name |Matthew Webb | +--+----------------------------+--+------------------------+ |2 |Reason for the notification | +--+----------------------------+--+------------------------+ |a)|Position/status |Chief Financial | | | |Officer (PDMR) | +--+----------------------------+--+------------------------+ |b)|Initial notification |Initial Notification | | |/Amendment | | +--+----------------------------+--+------------------------+ |3 |Details of the issuer, | | |emission allowance market | | |participant, auction | | |platform, auctioneer or | | |auction monitor | +--+----------------------------+--+------------------------+ |a)|Name |XP POWER LIMITED | +--+----------------------------+--+------------------------+ |b)|LEI |213800I7RWQ3FV72EZ26 | +--+----------------------------+--+------------------------+ |4 |Details of the | | |transaction(s): section to be | | |repeated for (i) each type of | | |instrument; (ii) each type of | | |transaction; (iii) each date; | | |and (iv) each place where | | |transactions have been | | |conducted | +--+----------------------------+--+------------------------+ |a)|Description of the financial|Ordinary shares of | | |instrument, type of |£0.01 each | | |instrument |("Ordinary Shares") | | | | | | |Identification code |SG9999003735 | +--+----------------------------+--+------------------------+ |b)|Nature of the transaction |1)|Award of nominal value | | | | |options over Ordinary | | | | |Shares as part of the XP| | | | |Power Limited Restricted| | | | |Share Plan 2020. The | | | | |vesting of the award | | | | |after five years is not | | | | |subject to performance | | | | |conditions. There is no | | | | |price payable on the | | | | |grant or vesting of the | | | | |option. On exercise, the| | | | |option price of £0.01 | | | | |per share is payable. | +--+----------------------------+--+------------------------+ | | |2)|Award of nominal value | | | | |options over Ordinary | | | | |Shares as part of the XP| | | | |Power Limited Long Term | | | | |Incentive Plan 2017. The| | | | |potential vesting of the| | | | |award after five years, | | | | |is subject to the | | | | |achievement of | | | | |performance conditions | | | | |assessed at the end of a| | | | |three-year period. There| | | | |is no price payable on | | | | |the grant or vesting of | | | | |the option. On exercise,| | | | |the option price of | | | | |£0.01 per share is | | | | |payable. | +--+----------------------------+--+------------------------+ | | | | +--+----------------------------+--+------------------------+ |c)|Price(s) and volume(s) | | | | |+--------+---------+ | | | ||Price(s)|Volume(s)| | | | |+--------+---------+ | | | ||1) Nil |723 | | | | |+--------+---------+ | | | ||2) Nil |5,787 | | | | |+--------+---------+ | +--+----------------------------+--+------------------------+ |d)|Aggregated information |  6,510 | | | | | | |- Aggregated volume |  Nil | | | | | | |- Price | | +--+----------------------------+--+------------------------+ |e)|Date of the transaction |  30 April 2026 | +--+----------------------------+--+------------------------+ |f)|Place of the transaction |  Outside a trading | | | |venue | +--+----------------------------+--+------------------------+ Enquiries: XP Power Ruth Cartwright, Company Secretary +44 (0)118 984 5515 This information was brought to you by Cision http://news.cision.com