Director Shareholding

XP Power PLC
06 August 2004

                                  XP Power plc
                             ('XP' or 'the Group')

                      Notification of interests of directors

XP, one of the world's leading providers of power supply solutions to the
mid-tier of the electronics industry, announces the following share dealings by
directors.

Pursuant to Mickey Lynch's appointment as Finance Director on 10 June 2004, he
has purchased 50,000 shares at a price of 367.5p per share from the Group's
Employee Benefit Trust on 6 August 2004.

The principal terms relating to this purchase are as follows:

• The trustees of the Group's Employee Benefit Trust offered shares to
  the director named above based on the average mid market closing price on the
  day following his appointment to the board.
• The payment for the shares is deferred until the shares are sold.
• The director is not able to sell 50% of the shares for a period of 2
  years and the remaining 50% of the shares for a period of 4 years unless there
  is a take-over, reconstruction or de-merger of the Group.
• The directors will still be liable for the payment of the shares even
  if the market value falls below 367.5p per share.
• The trustees have the right to re-purchase the shares from the
  director at the lower of market value or 367.5p per share if the director 
  leaves the Group before the restricted period ends.

50,000 shares represents 0.48% of the issued class of shares and 50,000 shares
is Mickey Lynch's total holding following this notification.

The Group considers that the above arrangement aligns the interests of the
director with those of the shareholders without diluting shareholders as option
arrangements would.

6 August 2004

                                    - ends -
Enquiries:

XP Power plc                                                0118 984 5515
James Peters, Deputy Chairman
Duncan Penny, Chief Executive Officer

Weber Shandwick Square Mile                                 020 7067 0700
Kevin Smith or Christian Taylor-Wilkinson

Notes to editors:

XP Power plc, formerly IFX Power plc, provides power supply solutions to the
mid-tier market of the electronics industry.

All electronic equipment needs a power supply. Power supplies convert the
incoming AC supply into various levels of DC voltages to drive electronic
components and sub-assemblies within the end user's equipment. By servicing this
market XP Power provides investors with access to technology and industrial
markets through its 8,000 strong customers in the profitable, high margin,
mid-tier sector of the North American and European markets.

The mid-tier of the market is highly fragmented and made up of a large number of
small to medium sized Original Equipment Manufacturers who source standard and
modified standard power supplies from several hundred power supply companies.

For further information, please visit www.xppower.com


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