Trading Statement

16 November 2009

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                                Trading Update                                 

XP Power, one of the world's leading developers and manufactuers of critical
power control components to the electronics industry, is today issuing an
update on trading in line with its normal practice.

Trading since the half year has continued to be resilient, supported by new
product introductions and some early signs of an improvement in demand, with a
number of customers requesting deliveries ahead of their original schedule and
signs of component lead times increasing in the last couple of months. While we
believe that this can at least in part be explained by restocking as customers
rebuild their inventories and we remain cautious on calling a broader recovery
in demand, we are encouraged by this trend.

As a result of this continued resilience, the Group remains on track to meet
Board expectations for the year ending 31 December 2009 exceeding the record
earnings per share achieved in 2008 (adjusted for an exceptional non cash
foreign exchange gain in 2008).

Production volumes at the recently commissioned low cost manufacturing facility
in China have continued to increase and we expect to see a steady growth in
own-manufactured revenues as we move through 2010. Development of this in-house
manufacturing capability is crucial in securing preferred supplier status with
larger customers and we were therefore pleased to receive an invitation to
become a strategic supplier to a major global healthcare company during the
period.

Across its key markets - the industrial, healthcare and technology sectors - XP
Power's continued investment in research and development has built a pipeline
of best in class products which allows it to capitalise on the fundamental and
increasing demand for smaller, more efficient and more environmentally friendly
power control components. Having established the largest and freshest product
range in our industry, revenue annuities from recently launched products will
build over the next few years as customer projects enter production.

Larry Tracey, Executive Chairman of XP Power, commented "Notwithstanding
continuing tough economic conditions the Group continues to trade resiliently.
New products introduced in 2007 and prior are boosting revenues this year and
the accelerated pace of new products introduced in 2008 and 2009 will underpin
revenue growth in the next few years as customer production ramps up. The
Group's success in repositioning itself as a designer and manufacturer of power
converters based on its own intellectual property is enabling it to grow
despite tough markets and any improvement in the general economic environment
for capital equipment will be an added bonus. Against this background, I am
pleased to confirm that we remain on track for the full year which will mean we
will exceed the record earnings per share achieved in 2008."

XP expects to release preliminary results for the year ending 31 December 2009
in mid February 2009.

                                   - Ends -                                    

Enquiries:

XP Power

Larry Tracey, Executive Chairman [phone]

James Peters, Deputy Chairman [phone]

Duncan Penny, Chief Executive [phone]

Citigate Dewe Rogerson [phone]

Kevin Smith/Ged Brumby

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 50% of sales), healthcare
(circa 30% sales) and technology (circa 20% 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.

                                                                    Page 1 of 1