Acquisitions

IFX Power PLC 25 June 2001 IFX Power plc ('IFX' or the 'Group') IFX Power plc acquires the business and certain assets of Powerspec Electronics, Inc. for US $3.5 million IFX today announces that it has acquired the business and certain assets of Powerspec Electronics, Inc. ('Powerspec'), a private US company, for a total consideration of US $3.5 million (approximately £2.5 million). Powerspec is based in Northern California and provides value added power supply solutions to the electronics industry. Value added power solutions are modified standard devices that can be more easily integrated into the customer's system. Modifications can involve providing wiring harnesses, thermal management, custom enclosures and ensuring Electro Magnetic Compatibility. This aids the design-in process saving the customer time and therefore money. Powerspec operates in the mid-tier of the market. The acquired business and assets will be integrated into ForeSight Electronics, Inc., a wholly owned subsidiary of IFX. The total consideration for the acquisition is US $3.5 million (approximately £2.5 million) in cash. IFX is acquiring Powerspec's stock, capital equipment, customer base, and order backlog, taking on their key employees and rights to use the Powerspec name. For the year ended 31 March 2000, Powerspec had unaudited operating profit of US $0.7 million (approximately £0.5 million). The assets acquired are expected to have fair value of approximately US $0.9 million (approximately £0.6 million). The Directors of IFX believe that the key reasons for and benefits of the acquisition are: * Further penetration of the important northern Californian market; * Enhancement of the value added side of ForeSight's business; and * Increased critical mass to improve leverage with suppliers. Chairman Ed Kramar commented 'Today's acquisition is another step for us in building the leading position in the mid-tier of the power supplies market. Powerspec's value added business will fit neatly into the ForeSight organisation and gives us further critical mass in the important Northern California market'. IFX also announces today that, on 21 June 2001, it completed the acquisition of the entire issued share capital of Knud Kamuk ApS ('Knud Kamuk') for cash consideration of Danish Krone 5.6 million (approximately £460,000). Knud Kamuk distributes power supply products throughout Denmark and had revenues of Danish Krone 13.4 million (approximately £1.1 million) and operating profit of Danish Krone 1.0 million (approximately £80,000) for the year ended 30 June 2000. The net assets acquired are expected to have fair value of approximately Danish Krone 3.5 million (approximately £290,000). The Directors believe that this acquisition, in conjunction with the Group's newly opened sales offices in Norway and Sweden, will give the Group good presence to cover the Nordic market. Enquiries: IFX Power plc 0118 976 5087 www.ifxpower.com Larry Tracey, Chief Executive Officer James Peters, European Managing Director Duncan Penny, Finance Director Square Mile BSMG Worldwide 020 7601 1000 Kevin Smith or Sally Lewis Notes to Editors: IFX Power plc provides power supply solutions to the electronics industry and operates predominantly within the high technology sector of the market. IFX's power supplies regulate and distribute electrical power for various subsystems and components within electronic equipment. IFX Power was formed by the combination of International Power Sources, Inc., ForeSight Electronics, Inc. and XP PLC, in July 2000. IFX subsequently floated on the Official List of the UK Listing Authority in July 2000.