Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                         
                                                                                        
1. Identity of the issuer or the underlying issuer                                      
of existing shares to which voting rights are                              XP Power Ltd.
attached:                                                                             
                                                                                        
2. Reason for the notification (please tick the appropriate box or boxes):               
                                                                                        
An acquisition or disposal of voting rights                                            X
                                                                                        
An acquisition or disposal of qualifying financial instruments which may result         
in the acquisition of shares already issued to which voting rights are attached         
                                                                                        
An acquisition or disposal of instruments with similar economic effect to               
qualifying financial instruments                                                        
                                                                                        
An event changing the breakdown of voting rights                                        
                                                                                        
Other (please specify):                                                                 
                                                                                        
3. Full name of person(s) subject to the                Mawer Investment Management Ltd.
notification obligation:                                                             
                                                                                        
4. Full name of shareholder(s)                                                          
 (if different from 3.):                                                              
                                                                                        
5. Date of the transaction and date on                                                  
which the threshold is crossed or                                            May 8, 2014
reached:                                                                               
                                                                                        
6. Date on which issuer notified:                                            May 9, 2014
                                                                                        
7. Threshold(s) that is/are crossed or                                                7%
reached:                                                                        


8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares                                                      
                                                                                                  
Class/type   Situation previous        Resulting situation after the triggering transaction       
of           to the triggering                                                                    
shares       transaction                                                                          
                                                                                                  
             Number        Number      Number     Number of voting         % of  voting           
if possible  of            of          of shares  rights                   rights               
using        Shares        Voting                                                                 
the ISIN                   Rights      Direct     Direct        Indirect   Direct    Indirect     
CODE                                                                                           
                                                                                                  
SG9999003735                                                                                      
             744,075       744,075     1,391,075  1,391,075                7.23%                  
                                                                                                  
                                                                                                  
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of        Expiration   Exercise/              Number of voting              % of voting      
financial      date         Conversion Period      rights that may be            rights           
instrument                                         acquired if the                                
                                                   instrument is                                  
                                                   exercised/ converted.                          
                                                                                                  
                                                                                                  
                                                                                                  
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments                                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of       Exercise     Expiration Exercise/  Number of voting rights      % of voting         
financial     price        date       Conversion instrument refers to         rights      
instrument                            period                                                      
                                                                                             
                                                                                                  
                                                                              Nominal  Delta      
                                                                                                  
                                                                                                  
                                                                                                  
                                                                                                  
Total (A+B+C)                                                                                     
                                                                                                  
Number of voting rights                 Percentage of voting rights                               
                                                                                                  
1,391,075                               7.23%                                                     


9. Chain of controlled undertakings through which the voting rights and/or the          
financial instruments are effectively held, if applicable:                          
                                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Proxy Voting:                                                                           
                                                                                        
10. Name of the proxy holder:                           Mawer Investment Management Ltd.
                                                                                        
11. Number of voting rights proxy holder will cease                                     
to hold:                                                                                
                                                                                        
12. Date on which proxy holder will cease to hold                                       
voting rights:                                                                          
                                                                                        
13. Additional information:                                                             
                                                                                        
14. Contact name:                                                        Jonathan Rhodes
                                                                                        
15. Contact telephone number:                                            [phone]