Acquisition

Elektron PLC
09 February 2004


FOR IMMEDIATE RELEASE                         9 February 2004



                                  ELEKTRON PLC
                                  Acquisition

Elektron Plc ('Elektron' or 'the Company'), the AIM quoted electro-mechanical
components group, announces the acquisition of Lacepoint Limited ('Lacepoint').
The consideration comprises 1,818,182 new Elektron ordinary shares of 5p each of
the Company ('Ordinary Shares'), pursuant to the five-year authority granted by
shareholders on 12 July 2000, to be issued at a price of 5.5p each. Lacepoint is
a company with an issued share capital of £100,000 and cash of £100,000 and has
not traded since incorporation. The issue is conditional upon admission of the
new Ordinary 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. The acquisition was
arranged in principle at the time that Elektron acquired the trade and certain
assets from the Receiver of Arcolectric (Holdings) Plc and Arcolectric Switches
Plc (together 'Arcolectric'). Arcolectric is a manufacturer of electromechanical
components. Completion of the acquisition of Lacepoint was deferred to allow the
management of Elektron to focus on the initial integration of Arcolectric and
the subsequent disposal of Milmega Limited.
Lacepoint was owned by Mr. A. Perloff. Following allotment of the shares Mr. A.
Perloff will hold 2.38% of the Company's enlarged share capital. Mr. A. Perloff
is also a director and shareholder of Panther Securities Plc, which holds
9,090,909 Ordinary Shares representing 11.9% of the enlarged issued share
capital of the Company.
The new Ordinary Shares to be issued pursuant to the above arrangements will
rank pari passu with the existing Ordinary Shares in issue. Application has been
made for the 1,818,182 new Ordinary Shares to be admitted to trading on AIM.

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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