Enfranchisement of Shares & Possible Acquisition

Bulgin PLC
27 January 2000


  PROPOSED ENFRANCHISEMENT OF 'A' ORDINARY SHARES AND POTENTIAL
         ACQUISITION OF TWO POWER ELECTRONICS BUSINESSES


The  Directors  of  AIM  quoted Bulgin PLC ('Bulgin')  intend  to
propose   that   Bulgin  'A'  Non-Voting   Ordinary   shares   be
enfranchised.   Formal  proposals  for  the  enfranchisement  are
expected  to  be posted to shareholders by early  February.   The
enfranchisement will involve a bonus issue to holders  of  voting
shares of 8 (eight) new shares for each voting share now held.

Bulgin  also announces that it is in negotiations to acquire  two
specialist power electronics businesses from a single vendor,  as
part  of  the  company  strategy  to  increase  activity  in  the
electronics sector.  These transactions fall to be treated  as  a
substantial transaction for the purposes of the AIM  rules.   The
acquisitions  will  be  for cash and  will  be  funded  from  the
existing resources of the group and new debt facilities.  Letters
of  intent  have been signed and the due diligence programme  has
already started. It is anticipated that the acquisitions will  be
completed  by  the  end  of  March.  The  acquisitions  are   not
contingent   on   the   outcome   of   the   proposed   vote   on
enfranchisement.

Alastair  Winter,  Bulgin Chairman, said 'It  is  vital  for  the
future  development  of  the company that  enfranchisement  takes
place.   Bulgin's share capital structure, unless it  is  changed
now,  will obstruct the company's progress and future enhancement
of  shareholder  value.  I believe that we have  arrived  at  the
right  solution and am encouraged by indications of support  from
major holders of both classes of share.

'We  are particularly excited that, despite the obstacles of  our
share  structure, we have the opportunity to add  two  specialist
power  electronics  businesses to our group.  The  businesses  in
question fit exactly into our product strategy and we are already
familiar   with  the  markets  these  enterprises  serve.    When
completed the acquisitions will add important new strands to  our
existing   businesses  in  electromechanical  components,   power
supplies  and  services and internet based broking  services  for
electronic components.

'The Board is determined to pursue growth opportunities which  it
believes exist for the present and prospective new businesses  of
Bulgin.   Shareholder support is vital and I look  forward  to  a
series  of  positive  developments  over  the  coming  weeks  and
months.'

Copies of this announcement will be sent to all shareholders  and
further  copies of this announcement will be available  from  the
Company for a period of 14 days from the date hereof.

For further information please contact:

Alastair Winter,       Rick  Thompson,          Hamish McFall
Chairman               Director                 Ana Nogales
Brian Emerson,Chief    Mike Seabrook            Tavistock Communications Ltd
Executive              Teather  &  Greenwood    Tel: [phone]
Bulgin Plc             Limited              
Tel: [phone]     Tel: [phone]