Elektron PLC 23 March 2007 FOR RELEASE 7.30 a.m. 23 March 2007 ELEKTRON PLC Disposal of NPE- Innotek Limited Elektron Plc (the "Company" or "Elektron"), the AIM traded engineered components manufacturer, announces that it has disposed of certain assets and the business of NPE -Innotek Limited ("NPE") for a total consideration of £180,000. NPE NPE operated from an 11,000 square foot facility in Neath employing 15 staff. The Company manufactured a variety of press, mould, form and cutting tools for industry. NPE reported sales and a loss before tax of £841,000 and £148,000 respectively in its last audited accounts to 30 September 2005. In the sixteen months to 31 January 2007, NPE management accounts show a loss before tax of £218,000 on sales of £1,013,000. The assets sold comprise all of the fixed assets, stocks, goodwill, business contracts, business information and intellectual property rights of NPE. The purchaser has also assumed obligations under certain HP agreements. Excluded from the sale are the creditors and book debts. The net book value of fixed assets, as valued under Elektron accounting policies at 1 November 2006, the date of acquisition of NPE by Elektron, was £155,000. Stocks are currently valued at £13,000. Consideration The total consideration payable to NPE is £180,000. £80,000 was paid in cash on completion and the balance of £100,000 has been satisfied by the assumption of hire purchase liabilities. The proceeds of the disposal will be used by the Company to reduce borrowings. Reasons for the disposal The disposal continues the strategy outlined in the offer document for Howle Holdings. For further information please contact: Adrian Girling Christopher Leigh Michael Cornish Executive Chairman Finance Director Beaumont Cornish Limited Elektron Plc Elektron Plc Tel: 0207 628 3396 Tel: 0208 979 3232 Tel: 01708 336308 This information is provided by RNS The company news service from the London Stock Exchange