Trading Statement

20 November 2008

                               XP Power Limited                                

                                Trading Update                                 

XP Power, one of the world's leading providers of mission critical power
control solutions to the electronics industry, is today issuing an update on
trading in line with its normal practice as guidance for the second half of the
year.

Trading since the half year has been satisfactory and, as a result, the Board
expects to meet market expectations for the year ending 31 December 2008.

Across its key markets - the industrial, communications, medical and defence
sectors - XP Power's continued investment in research and development has built
a pipeline of class leading products which allows it to capitalise on the
fundamental and increasing demand for smaller, more efficient and more
environmentally friendly power control components.

In 2006, the management took the decision to establish a manufacturing facility
in China to help it win major customer orders and support an improvement in
margins. This manufacturing facility is now running at full capacity and
undergoing expansion. Furthermore, the company is investing in another adjacent
manufacturing facility, which is expected to be in production at the end of the
first quarter of 2009. Ultimately, this investment will triple XP Power's
manufacturing capacity.

During October, a new International Traffic in Arms Regulations (ITAR)
department within our North American Engineering Services Group was
established. This department is fully compliant with the US Department of State
regulations and means that XP Power will be able to supply a much larger part
of the US military market going forward.

Duncan Penny, Chief Executive of XP Power, commented "Despite the economic
outlook, I am happy to be able to announce that we remain on track for the full
year. Successfully establishing a manufacturing capacity has increased the
strength and flexibility of our offer whilst our market leading products
portfolio ensures that we are able to capitalise on the fundamental growth
drivers of our core markets."

At the end of October, XP Power was accepted into the FTSE techMARK All Share
Index.

XP expects to release preliminary results for the year ending 31 December 2008
in mid February 2009.

                                   - Ends -                                    

Enquiries:

XP Power

Larry Tracey, Executive Chairman [phone]

James Peters, Deputy Chairman [phone]

Duncan Penny, Chief Executive [phone]

Hudson Sandler [phone]

James White/Hugo Jenkins