Trading Statement

XP Power PLC
21 April 2005


                                                                   21 April 2005

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

                                 Trading Update

XP, one of the world's leading providers of power supply solutions to the
electronics industry, is today issuing an update on trading for the three months
ended 31 March 2005, being the first quarter of the Group's current financial
year.

First quarter bookings have been strong in all geographic markets, particularly
in Continental Europe where it is evident we are establishing the XP name and
taking market share. However, the forecasts we are receiving from our North
American customer base suggest a moderate softening in bookings in the second
quarter. Despite this fact the Group's sales forecasts continue to support
current earnings expectations for the year ending 31 December 2005.

The profile of the Group's order backlog confirms the guidance given at the time
of our preliminary statement for 2004 that we expect revenue growth to be
weighted towards the second half of the year.

After the translation effect of a weaker US Dollar versus Sterling which
prevailed in the first half of 2005 versus the first half of 2004 we expect
revenues for the six months to 30 June 2005 to be similar to those reported for
the same period in 2004. The proportion of XP product within our bookings and
revenues continues to support further improvement in gross margins. This factor,
combined with the translation effect highlighted above impacting favourably on
our US Dollar expenses, means we expect to report slightly higher earnings per
share in the six month period ending 30 June 2005 than in the same period a year
ago.

XP is also giving guidance regarding the effect of International Financial
Reporting Standards (IFRS) on its 2005 results. Under IFRS the Group will no
longer amortise goodwill. Furthermore, International Accounting Standard 38
requires us to capitalise qualifying development expenditure and amortise it
over its useful life. As a result of this standard the Group expects to
capitalise a significant amount of its 2005 development expenditure.

XP expect to release interim earnings for the six months ending 30 June 2005 on
Tuesday, 2 August 2005.

                                    - 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
Nick Dibden or Kevin Smith


Notes to editors:

XP Power plc provides power supply solutions to 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. XP Power segments
its business into Communications, Defence and Avionics, Industrial and Medical.
By servicing these markets XP Power provides investors with access to technology
and industrial sectors of the North American and European electronics market.

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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