Trading Update

Bulgin PLC
27 July 2001


27th July 2001


                                Trading Update


The Board of Bulgin PLC met today to consider the impact of the deteriorating
economic conditions on current year's trading.

In its Annual Report to shareholders at the beginning of June the Board drew
attention to difficult trading conditions and actions taken to reduce costs.
Since that time there has been a significant further downturn in demand for
the products and services of the Components Division due to a worldwide
slowdown in manufacturing activity. The Power Electronics Division, which
supplies specialist capital equipment, is faring better although demand is
slowing and some delivery dates in the current order book are under review
with customers. Milmega, acquired in June 2000, is currently performing in
line with expectations.

Consequently the Board expects that results for the year to 31st January 2002
will be below market expectations but is confident that the company will
emerge from the current cycle in a strong position to benefit from an increase
in sales. The Board also believes that the economic conditions are not
sufficient reason to alter its strategic acquisition and expansion programme.



For further information please contact:


Brian Emerson                      Hamish McFall
Chief Executive                    Ana Nogales
Bulgin PLC                         Tavistock Communications
Tel: [phone]                 Tel: [phone]