Acquisition(s)

20 October 2006 XP Power plc ("XP" or "the Group") Acquisition of XP Power (S) Pte Limited ("XP Singapore") XP, one of the world's leading providers of power supply solutions to the electronics industry, announces the acquisition of the remaining 50% of the issued share capital of XP Power (S) Pte Limited ("XP Singapore") that it does not already own for a consideration of Singapore Dollars $3,006,000 (approximately £1,022,500) in cash. XP Singapore is XP's Asian sales channel. For the year ended 31 December 2005, XP Singapore had a profit after tax of US$214,899 (approximately £115,500). The net assets acquired are expected to have a fair value of approximately US$916,000 (approximately £492,000) of which US$800,000 (approximately £430,000) is expected to be cash. The Directors of XP believe that the acquisition of XP Singapore is an important step towards gaining further coverage and building a stronger presence in Asia which is becoming increasingly important to the Group. - Ends - Enquiries: XP Power plc 0118 984 5515 Larry Tracey, Executive Chairman James Peters, Deputy Chairman Duncan Penny, Chief Executive Officer Weber Shandwick Square Mile 020 7067 0700 Nick Dibden Notes to editors: XP Power plc provides power supply solutions to 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. XP Power segments its business into Communications, Defence and Avionics, Industrial and Medical. By servicing these markets XP Power provides investors with access to technology and industrial sectors of the North American and European electronics market. 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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