Interim Management Statement

12 April 2013

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                         Interim Management Statement                          

XP Power, one of the world's leading developers and manufacturers of critical
power control components to the electronics industry, is today issuing an
Interim Management Statement for the quarter ended 31 March 2013.

Trading


The trading environment remained subdued in the first quarter. Group revenues
in the three months to 31 March 2013 were in line with those achieved in the
same period a year ago albeit at slightly better margins due to improved
factory utilisation. In constant currency revenues increased by 1%.

Financial Position


Net debt was £10.4 million at 31 March 2013 compared to £10.6 million at the
year end. Using the exchange rates prevailing at the year end, net debt at 31
March 2013 would have been £9.6 million.

Dividend

A dividend for the first quarter of 11 pence per share, a 10% increase over the
prior year, (2012: 10 pence per share) will be paid on 10 July 2013 to
shareholders on the register at 14 June 2013.

Outlook

At the time of our 2012 final results announcement in February, we reported
that the global capital goods markets remained subdued. This continues to be
the case, with no material improvement or deterioration in trading during the
first quarter. We therefore reiterate the guidance given at that time that full
year 2013 revenues are likely to be flat or only modestly increased over 2012.

Given our exposure to the US Dollar, if the recent weakness in the Sterling/US
Dollar exchange rate persists this will result in slightly higher revenues due
to translation. However, the effects on operating profit will not be
significantly different as a high proportion of our costs are also denominated
in US Dollars.

XP will issue a trading update for the six months to 30 June 2013 on 9 July
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 45% of sales), healthcare
(circa 26% sales) and technology (circa 29% 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.