Interim Management Statement

6 October 2011

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                         Interim Management Statement                          

XP Power, one of the world's leading developers and manufactuers of critical
power control components to the electronics industry, is today issuing an
Interim Management Statement for the quarter ended 30 September 2011.

Trading

Revenues for the nine months ended 30 September 2011 grew by 20% over the same
period in 2010. In constant currency the growth rate was 24%.

Construction of the new Vietnamese manufacturing facility is on schedule and is
expected to complete during the first quarter of 2012, with initial
pre-production runs also expected to commence during the same quarter.

Financial Position


Net debt was £20 million at 30 September 2011 compared to £18 million at 31
December 2010. Using the exchange rates prevailing at 31 December 2010, net
debt at 30 September 2011 would have been £21 million.

Dividend

A dividend of 11 pence per share for the third quarter will be paid on 10
January 2012 to shareholders on the register at 9 December 2011. This brings
the total dividend for the first three quarters for 2011 to 30 pence per share
representing a 43% increase over the 21 pence per share paid in respect of the
first three quarters of 2010.

Outlook

Revenue growth for this year is supported by our solid order book which remains
robust, despite some recent customer push outs in North America.

Looking further ahead, the dynamic of low interest rates, which should increase
demand for the capital equipment manufactured by our customers, is countered by
the increasing negativity of global end-market growth forecasts.

We believe that whilst the economic environment will be more challenging in
2012, XP's successful repositioning as a designer and manufacturer of its own
range of market-leading products leaves the Group well positioned to continue
its record of earnings and dividend growth.

XP Power will issue a trading update for the 12 months to 31 December 2011 on 9
January 2012.

                                   - Ends -                                    

Enquiries:

XP Power

Larry Tracey, Executive Chairman [phone]

James Peters, Deputy Chairman [phone]

Duncan Penny, Chief Executive [phone]

Citigate Dewe Rogerson [phone]

Kevin Smith/Jos Bieneman

Note to editors

XP designs and manufactures power controllers, the essential hardware component
in every piece of electrical equipment that converts the power from the
electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 40% of sales), healthcare
(circa 30% sales) and technology (circa 30% of sales) sectors. Once designed
into a program, XP has a revenue annuity over the life cycle of the customer's
product which is typically 5 to 7 years depending on the industry sector.

XP has invested in research and development and its own manufacturing facility
in China, to develop a range of tailored products based on its own intellectual
property that provide its customers with significantly improved functionality
and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP serves a global blue chip customer base from 27
locations in Europe, North America and Asia.