Acquisition

Bulgin PLC
16 August 2001


   
                       BULGIN ACQUIRES POWERTRON

Bulgin Plc, the AIM quoted components and power electronics company, announces
that it has acquired the entire share capital of Powertron Ltd for an initial
consideration of £0.95m settled by £0.325m cash and £0.625m loan notes repayable
after one year. Additional consideration of £0.2m, plus the assumption of £0.2m
of bank indebtedness, will be payable on settlement of the net assets delivered
at completion.

Powertron, based in Cambridge, designs and manufactures power management
products for the rail and other industries. In the year to 31st May 2001
Powertron produced a pre-tax profit of £0.21m on turnover of £2.4m. Net assets
were £0.21m.

Brian Emerson, Bulgin Chief Executive, commented:

'We have been seeking to establish Bulgin as a more significant supplier to the
international rail industry. Powertron has a good record and reputation in that
market and we are pleased to welcome the company and its employees to the Bulgin
Group'

For further information please contact:

Brian Emerson                      Hamish McFall
Chief Executive                    Ana Nogales
Bulgin PLC                         Tavistock Communications
Tel: [phone]                  Tel: [phone]