The Board of Directors of XDL wishes to announce that the Company intends to seek its shareholders’ approval for the Proposed Amendments to the Bye-Laws of the Company ("Proposed Amendments") at the forthcoming Seventh Annual General Meeting of the Company.

The details of the Proposed Amendments attaching to the 2015 Annual Report of the Company will be issued to the shareholders of the Company in due course.

This announcement is dated 21 April 2016.