We refer to the announcements made on behalf of XDL by AmInvestment Bank Berhad (“AmInvestment Bank”) on 18 January 2012, 10 February 2012, 22 February 2012 and 23 February 2012 in relation to the Proposals (“Announcements”). For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements.

On behalf of the Board of Directors of XDL (“Board”), AmInvestment Bank Berhad wishes to announce that the Board has resolved to fix the exercise price of the Warrants at RM0.35 each (“Exercise Price”).

The Exercise Price represents a premium of approximately RM0.0906 or 34.9% to the theoretical ex-rights price of RM0.2594 per XDL Share, calculated based on the five (5)-day volume-weighted average market price of XDL Shares up to 12 March 2012 (being the last trading day prior to the date of this announcement) of RM0.3891.

In arriving the Exercise Price for the Warrants, the Board has taken into consideration, inter-alia, par value of XDL Shares at US$0.10 each, the Warrants being issued for a nominal consideration and being exercisable at any time within a three (3)-year period, the Board’s confidence in the Company’s business model and prospects, which provide continuous growth and sustainable recurring income, as well as the trading and liquidity of XDL Shares.

This announcement is dated 13 March 2012.