Trading Statement

9 July 2013

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                                Trading Update                                 

XP Power, one of the world's leading developers and manufacturers of critical
power control components to the electronics industry, is today issuing a
trading update for the quarter ended 30 June 2013.

Trading


The Group traded in line with the Board's expectations during the first half.
Group revenues for the six months ended 30 June 2013 increased by 5% from the
same period in 2012. In constant currency the increase was 4%.

The environment for capital goods spending remains challenging. Orders for the
first half of 2013 were flat versus the first half of 2012 but increased by 7%
over the second half of 2012.

Production volumes at our new factory in Vietnam have now increased such that
it is supplying approximately half of our monthly demand for the magnetic
components used within our power converters. At this level of production the
Vietnam facility has reached a break even position and so is no longer reducing
our margins.

Given the combined effects of improved factory loading and reduced start-up
costs from our new Vietnam facility, we expect first half gross margins will
exceed those achieved in the first half of 2012.

Financial Position


Net debt was £8.5 million at 30 June 2013 compared to £15.0 million at 30 June
2012. Using the exchange rates prevailing at 30 June 2012, net debt at 30 June
2013 would have also been £8.5 million.

Dividend

An increased dividend for the second quarter of 12 pence per share (2012: 11
pence per share) will be paid on 10 October 2013 to shareholders on the
register at 6 September 2013.

Foreign Exchange

Given our exposure to the US Dollar, the continued weakness in the Sterling/US
Dollar exchange rate since the beginning of the year will result in slightly
higher revenues due to translation. However, the effects on operating profit
will not be significantly different as a high proportion of our cost of sales
and operating expenses are also denominated in US Dollars.

Outlook

At the time of our last trading update in April, we reported that the global
capital goods markets remained subdued. While this continues to be the case we
are encouraged by the progress we are making as we continue to take market
share.


XP will issue its interim statement for the six months to 30 June 2013 on 29
July 2013.

                                   - Ends -                                    

Enquiries:

XP Power
Duncan Penny, Chief Executive              [phone]
Jonathan Rhodes, Finance Director          [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 45% of sales), healthcare
(circa 26% sales) and technology (circa 29% 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.