Acquisition

Elektron PLC
01 December 2003


For Immediate Release
                                                1 December 2003


                                  ELEKTRON PLC


Elektron Plc ('the Company'), the AIM quoted components and power electronics
group, announces the acquisition of Eastchart Limited from Mr. J Kinder for a
consideration of 4 million Elektron ordinary shares of 5p each of the Company,
pursuant to the five year authority granted by shareholders on 12 July 2000, to
be issued at a price of 5p each. Eastchart Limited is a company with an issued
share capital of £200,000 and cash of £200,000 and has not traded since
incorporation. The issue is conditional upon admission of the consideration
shares to trading on the Alternative Investment Market of the London Stock
Exchange ('AIM')


The cash resources that will be made available to the Company as a result of the
acquisition will be used for working capital purposes whilst the Company's
invoice discounting facilities are reduced in the cyclical market downturn
during December.


The Board has considered all other possibilities for raising finance to ensure
that the Company has sufficient working capital but at the current stage in its
recovery has decided that this is the most cost effective and reliable method,
given that it can be achieved with the Directors' existing authority to issue
shares. It also considers it prudent and in shareholders best interests to
augment its working capital at this time.


Following the issue of the shares for the acquisition of Eastchart Limited, Mr.
J Kinder will hold a total of 6,706,283 ordinary shares in the Company
representing 11.97% of the enlarged issued share capital.


Elektron has also entered into an option agreement with Mr. J Kinder to acquire
Riveroak Limited for a consideration of 4 million ordinary shares of 5p each of
the Company, pursuant to the above-mentioned authority, to be issued at a price
of 5p each. Riveroak Limited is a company with an issued share capital of
£200,000. The acquisition is contingent upon Mr. Kinder exercising an option to
complete the transaction prior to 11 July 2005 and upon Riveroak Limited having
cash, at the time of the acquisition, of £200,000 and having not traded since
incorporation.


The ordinary shares to be issued pursuant to the above arrangements will rank
pari passu with the existing shares in issue. Application has been made for the
4 million new ordinary shares to be admitted to trading on AIM. Application for
a further 4 million shares to be admitted will be made upon completion of the
acquisition of Riveroak Limited.



For further information please contact:



Adrian Girling                                     Christopher Leigh
Executive Chairman                                 Finance Director
Elektron Plc                                       Elektron Plc
Tel: [phone]                                 Tel: [phone]

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