Disposal

Elektron PLC
10 January 2003


Elektron Plc ('the Company')
9 January 2003


DISPOSAL


Elektron Plc, the AIM quoted components and power electronics group, announces
the sale on 7 January 2003 of the business and certain assets of its directly
owned subsidiary, Powertron Limited ('PL') for a cash consideration of £100,000
to Powertron Converters Limited ('PCL'), a new company formed by a former
director of PL ('the Transaction').  PL designed and manufactured power supplies
for the rail and other industries.  Miles Rackowe a former director of PL owns
100% of PCL. It is anticipated that another former director, Andrew Dickeson
together with certain other employees will participate in the equity of PCL.

In the eight months ended 31 January 2002 PL made profits before tax of £68,000
on turnover of £2.2 million.  The assets sold consisted of goodwill, tools and
equipment, intellectual property, uncompleted contracts, stock and work in
progress with a net book value of £117,000 in respect of the tangible assets.
PL has retained ownership of book debts totalling £444,000 and liabilities
totalling £259,000.  PCL will deal with customer warranty claims arising
pre-completion at a cost payable by PL of £25,000.  During the ten month period
ended 30 November 2003, PL made unaudited pre exceptional losses of £102,000 on
turnover of £1.9 million with further exceptional losses of £136,000.

The Board (all of whom are independent for the purposes of the AIM Rules),
having consulted with the Company's nominated adviser, consider the terms of the
Transaction to be fair and reasonable insofar as the Company's shareholders are
concerned.

The sale proceeds will be used to reduce PL's bank indebtedness.


Contact:
Brian Emerson, Group Chief Executive
Tel. [phone]



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