Interim Management Statement

4 October 2010

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                         Interim Management Statement                          

XP Power, one of the world's leading developers and manufactuers of critical
power control components to the electronics industry, is today issuing an
Interim Management Statement for the quarter ended 30 September 2010.

Trading


The evolution of the Group to an own design/own manufactured business model is
continuing to drive a significant improvement in performance, as control over
the manufacturing process delivers both higher margins and more rapid customer
response times. Trading in the third quarter has continued to be strong, driven
by further market share gains as customer programmes, incorporating recently
launched XP products, entered production phase. Group revenues, in the three
months to 30 September 2010, grew by 52% over the same period in 2009 with
gains across all market sectors in North America, Europe and Asia. In constant
currency the growth rate was 44%.

Revenues for the nine months ended 30 September 2010 grew by 32% over the same
period in 2009. In constant currency the growth rate was 33%.

Capacity utilisation at the Chinese manufacturing facility continues to
increase as volumes of own design/own manufactured products continue to grow.

Progression of the new Vietnamese manufacturing facility is now well underway
and it is expected that planning consent will be granted in October, with
construction due to commence before the end of the year.

Financial Position


Net debt was £19 million at 30 September 2010 compared to £21 million at 30
September 2009. Using the exchange rates prevailing at 30 September 2009, net
debt at 30 September 2010 would have been £18 million.

Dividend

A dividend of 8 pence per share for the third quarter will be paid on 7 January
2011 to shareholders on the register at 10 December 2010.

The dividend for the fourth quarter of 2010 will be announced with the 2010
final results on 21 February 2011 but is not expected to be less than 8 pence
per share.

Together these two quarterly dividends are expected to represent a minimum 33%
increase on the final dividend of 12.0p paid in respect of the 2009 financial
year.


Outlook

The Group's order book remains at record levels, with revenues for calendar
2010 now expected to be 30% ahead of 2009. The Group's focus is now on ensuring
continued earnings and revenue growth through 2011 and 2012.

XP Power will issue a trading update for the 12 months to 31 December 2010 on
10 January 2011.

                                   - Ends -                                    

Enquiries:

XP Power

Larry Tracey, Executive Chairman [phone]

James Peters, Deputy Chairman [phone]

Duncan Penny, Chief Executive [phone]

Citigate Dewe Rogerson [phone]

Kevin Smith/Ged Brumby

Note to editors

XP designs and manufactures power controllers, the essential hardware component
in every piece of electrical equipment that converts the power from the
electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 40% of sales), healthcare
(circa 30% sales) and technology (circa 30% of sales) sectors. Once designed
into a program, XP has a revenue annuity over the life cycle of the customer's
product which is typically 5 to 7 years depending on the industry sector.

XP has invested in research and development and its own manufacturing facility
in China, to develop a range of tailored products based on its own intellectual
property that provide its customers with significantly improved functionality
and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP serves a global blue chip customer base from 27
locations in Europe, North America and Asia.