Reference is made to the Company's announcement dated 16 June 2026 in relation to the Extension of duration of LTIP. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as previously defined in the said announcement.

The Board of XL wishes to announce that it had, on 16 June 2026, approved to extend the duration of the Company's LTIP for the eligible Directors and employees of XL and its active subsidiary companies. The LTIP which expired on 21 April 2026 for a further period of five (5) years until 21 April 2031.

This announcement is dated 18 June 2026.