Trading update

Elektron PLC
26 March 2004


FOR IMMEDIATE RELEASE                                             26 March 2004


                   ELEKTRON PLC ('Elektron' or the 'Company')

                                 TRADING UPDATE

Following the acquisition of Arcolectric announced in December 2003 and the
disposal of Milmega announced in February of this year, the Directors feel it
appropriate, given the significant change to the business of Elektron, to update
the market on current trading since that time.

In the interim report issued in September 2003, it was indicated that the first
half of the year was usually stronger than the second half. This turned out to
be the case with Bulgin Components, the core business achieving sales of just
under £8 million in the year to 31 January 2004 compared to just over £8.3
million the previous year. However, since that time, its order intake has
improved considerably with orders running 7.5% ahead of the comparative period
last year and shipments 21% ahead.

The acquisition of the Arcolectric businesses has greatly enhanced the Elektron
Group. Despite having been through a receivership, Arcoelectric's orders are
running 7% ahead of the comparative period last year with shipments only
slightly less than last year.

In the seven weeks to 19 March 2004 the Group has received £3.8 million in
orders and achieved shipments of £3.4 million, compared to Group turnover of
£5.7m for six months reported at the interim stage last year. In total, the
Group's order book now stands at £4.1 million. There can be no certainty that
the improved trading levels will continue at the same rate but the Board
considers them to be of sufficient significance to warrant publication of a
trading update.

The preliminary announcement of the Group's annual results is expected to be at
the end of May at which time a further update will be given.

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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