Director Shareholding

RNS Number:6972T
XP Power PLC
29 December 2003

                                                               29 December 2003

                                  XP Power plc
                             ("XP" or "the Group")

                     Notification of interests of directors

XP, one of the world's leading providers of power supply solutions to the
mid-tier of the electronics industry, announces the following share dealings by
directors.

The following directors have purchased shares at a market value of 224p per
share from the Group's Employee Benefit Trust on 29 December 2003.

Name of     Number of  % of issued  Total holding   Total percentage holding of
Director       shares        class following this   issued class following this
             acquired     acquired   notification                  notification

Mike Laver    100,000        0.48%        176,000                         0.85%
Duncan Penny  150,000        0.73%        300,000                         1.45%
Frank Rene    100,000        0.48%        195,000                         0.94%
Steve Robinson 50,000        0.48%        191,000                         0.92%

The principal terms relating to these purchases are as follows:

* The trustees of the Group's Employee Benefit Trust offered shares to
  the directors named above on 22 December 2003 based on the average mid market
  closing prices in the three preceding working days.
* The payment for the shares is deferred until the shares are sold.
* The directors are not able to sell the shares for a period of 4 years
  or unless there is a take-over, reconstruction or de-merger of the Group.
* The directors will still be liable for the payment of the shares even
  if the market value falls below 224p per share.
* The trustees have the right to re-purchase the shares from the
  directors at the lower of market value or 224p per share if the director 
  leaves the Group within 4 years.

The Group considers that the above arrangement aligns the interests of the
directors with those of the shareholders without diluting shareholders as option
arrangements would.
                                    - ends -
Enquiries:

XP Power plc                                         0118 984 5515

Larry Tracey, Executive Chairman
James Peters, Deputy Chairman
Duncan Penny, Chief Executive Officer

Weber Shandwick Square Mile                          020 7067 0700
Kevin Smith or Sally Lewis

Notes to editors:

XP Power plc, formerly IFX Power plc, provides power supply solutions to the
mid-tier market of the electronics industry.

All electronic equipment needs a power supply. Power supplies convert the
incoming AC supply into various levels of DC voltages to drive electronic
components and sub-assemblies within the end user's equipment. By servicing this
market XP Power provides investors with access to technology and industrial
markets through its 8,000 strong customers in the profitable, high margin,
mid-tier sector of the North American and European markets.

The mid-tier of the market is highly fragmented and made up of a large number of
small to medium sized Original Equipment Manufacturers who source standard and
modified standard power supplies from several hundred power supply companies.

For further information, please visit www.xppower.com






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