Trading Statement

16 June 2011

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                                Trading Update                                 

XP Power, one of the world's leading developers and manufacturers of critical
power control components to the electronics industry, is today issuing a
trading update for the second quarter ending 30 June 2011.

Trading


Trading in the second quarter to date has continued to be strong. Group
revenues, for the six months to 30 June 2011, are expected to grow by more than
25% over the same period in 2010. In constant currency the growth rate is
expected to be not less than 29%.

In addition, we have seen a further favourable change in the product mix during
the period, with a continuing growth in the proportion of own design product.
Own design product represented 53% of revenue in the first quarter of 2011 and
this has increased further to 55% in the first two months of the second
quarter, versus 48% of revenue for the year ended 31 December 2010. This will
have a positive impact on gross margins in the six months to 30 June 2011.

Construction work on our new Vietnamese factory continues to progress to
schedule and the facility is expected to be completed during the first quarter
of 2012.


Management Succession

Having held executive roles on the XP Board since the public listing in 2000
and with the Group's strategic transformation from distributor to designer and
manufacturer of its own range of products now complete, Larry Tracey, Executive
Chairman, and James Peters, Deputy Chairman, have indicated their intention to
relinquish their executive duties in April 2012, at which point they will
become non-executive directors.

Duncan Penny, Chief Executive, will assume full responsibility for the day to
day management of the business from this point, with Mike Laver, North American
President and Executive Director, assuming responsibility for global sales and
marketing. Larry and James will effect a progressive transition of their
responsibilities over the next ten months to ensure an orderly handover.

Outlook

The Group is continuing to increase market share in its key industrial,
healthcare and technology sectors. New project wins with our own in-house
developed products have, despite strong revenue growth, led to orders outpacing
revenues by 10% in the year to May. This robust performance gives us confidence
in our ability to achieve strong revenue growth for this year. Furthermore, the
record number of new product introductions made in the past two years should
underpin continued market share gains in 2012 and 2013 as the associated
projects enter production with our customers.

Larry Tracey, Executive Chairman, said: "With the Group's strategic
repositioning as a designer and manufacturer now complete, and having spent
more than ten years in executive roles on the Board, both James and I believe
that now is the right time to look to the future and put in place the
management structure for the next phase of growth.

Duncan Penny has proved himself a very able CEO since taking up the position in
2003 and he is supported by a strong tier of operational managers throughout
the business, all of whom have made significant contributions to the Group's
development. This managed succession provides clear opportunities for this core
team as we seek to build on the foundations we have laid over the last few
years and is being implemented against both a background of strong trading and
over a 10 month period to ensure an orderly handover of responsibilities."

XP will issue its interim results for the six months to 30 June 2011 on 1
August 2011.

                                   - 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.