Trading Statement

XP Power PLC
16 April 2004




Embargoed until 0700                                              16 April 2004

                                  XP Power plc
                             ('XP' or 'the Group')

                            Quarterly Trading Update

XP, one of the world's leading providers of power supply solutions to the
mid-tier of the electronics industry, is today issuing an update on trading for
the first quarter of its current financial year in advance of its Annual General
Meeting scheduled for 21 April 2004.

During the quarter ended 31 March 2004, trading has remained in line with the
Company's expectations.

As expected, the mix of its bookings has continued to show steady improvement,
with over 50% of first quarter bookings being for 'XP' branded product. This
performance should allow the Group to continue its upward trend in gross margin
from the 33.5% achieved for the year ended 31 December 2003.

With regards to the end markets it serves, the Group is seeing continued signs
of confidence from its customer base. In particular, the communications and
semiconductor manufacturing equipment sectors are showing increasing signs of
recovery.

XP expects to announce its interim results for the six months ended 30 June 2004
on Tuesday, 3 August 2004.

                                    - Ends -
Enquiries:

XP Power plc                                                      0118 984 5515
Larry Tracey, Executive Chairman
James Peters, Deputy Chairman
Duncan Penny, Chief Executive Officer

Weber Shandwick Square Mile                                       020 7067 0700
Christian Taylor-Wilkinson or Kevin Smith

Notes to editors:

XP Power plc, formerly IFX Power plc, provides power supply solutions to the
mid-tier market of the electronics industry.

All electronic equipment needs a power supply. Power supplies convert the
incoming AC supply into various levels of DC voltages to drive electronic
components and sub-assemblies within the end user's equipment. By servicing this
market XP Power provides investors with access to technology and industrial
markets through its 8,000 strong customers in the profitable, high margin,
mid-tier sector of the North American and European markets.

The mid-tier of the market is highly fragmented and made up of a large number of
small to medium sized Original Equipment Manufacturers who source standard and
modified standard power supplies from several hundred power supply companies.

For further information, please visit www.xppower.com





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