Interim Management Statement

9 October 2012

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                         Interim Management Statement                          

XP Power, a world leading developer and manufacturer of critical power control
components to the electronics industry, is today issuing an Interim Management
Statement for the quarter ended 30 September 2012.

Trading

Revenues for the nine months ended 30 September 2012 declined by 11% over the
same period in 2011. In constant currency the rate of decline was 12%.

While the trading environment remains challenging, order intake continues to be
above the low levels experienced in the later part of 2011. We therefore expect
a modest sequential improvement in second half revenues as these enter
production in the fourth quarter, with a corresponding improvement in gross
margins due to higher factory utilisation.

Financial Position


Net debt was £14.0 million at 30 September 2012 compared to £18.6 million at 31
December 2011. Using the exchange rates prevailing at 31 December 2011, net
debt at 30 September 2012 would have been £14.5 million.

Dividend

A dividend of 12 pence per share for the third quarter will be paid on 10
January 2013 to shareholders on the register at 14 December 2012. This brings
the total dividend for the first three quarters of 2012 to 33 pence per share
representing a 10% increase over the 30 pence per share paid in respect of the
first three quarters of 2011.

Outlook

Global demand for the capital equipment manufactured by our customers remains
subdued against a mixed macroeconomic background and despite interest rates
remaining at historically low levels.

At some point we expect companies to take advantage of the low cost of funds
and invest in new equipment incorporating the latest technologies to improve
their productivity. In the interim, we will continue to press for further
market share gains from our portfolio of market-leading power technology
products.

XP Power will issue a trading update for the 12 months to 31 December 2012 on
10 January 2013.

                                   - Ends -                                    

Enquiries:

XP Power

Duncan Penny, Chief Executive [phone]

Jonathan Rhodes, Finance Director [phone]

Citigate Dewe Rogerson [phone]

Kevin Smith/Jos Bieneman

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.