Interim Management Statement

11 April 2014

                               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 2014.

Trading


The improvement in the trading environment first reported during the second
half of 2013 has continued into the new financial year and first quarter order
intake was robust. Group revenues in the three months to 31 March 2014 were up
7% from those achieved in the same period a year ago. Similarly, margins also
improved, due primarily to increased factory utilisation. In constant currency
revenues increased by 11% on the same period in the prior year.

Financial Position


Net debt was £1.6 million at 31 March 2014 compared to net debt of £3.5 million
at the year end. Using the exchange rates prevailing at the year end, net debt
at 31 March 2014 would have been £1.7 million.

Dividend

A dividend for the first quarter of 12 pence per share, a 9% increase over the
prior year, will be paid on 10 July 2014 to shareholders on the register at 13
June 2014 (2013: 11 pence per share).

Outlook

At the time of our 2013 final results announcement in February, we reported a
gradual improvement in trading over the second half of 2013. Order intake in
the first quarter of 2014 has been encouraging and we therefore reiterate our
guidance that we would expect to grow revenues again in 2014.

XP will issue a trading update for the six months to 30 June 2014 on 8 July
2014.

                                   - 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 30% sales) and technology (circa 25% 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.