FOR IMMEDIATE RELEASE


Densei-Lambda Announces Senior Management Changes 


TOKYO, April 26, 2001 - Densei-Lambda K. K. (TSE 1st Section, 6917), a leading manufacturer of power systems, announced senior management changes following its board of directors meeting today. 

Administration division manager and current director Masami Kobashi becomes a managing director as of April 26, 2001, and CFO and finance division manager Tadao Tsuya is nominated as a director, subject to shareholder approval at the next annual general shareholders meeting to be held on June 26, 2001. 

The board also approved the appointment of two new executive officers, Makoto Niiro and Hiromi Sano. Mr. Niiro is currently a quality assurance division manager, while Mr. Sano is a procurement logistics division manager. 

Additionally, the resignation of representative director and COO John Breckenridge, announced on April 9, 2001, was formally accepted at the meeting. 

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For further inquiries, please contact: 
Masami Kobashi, Managing Director Tel: +81 3 3447-4411

Notes to Editors

Headquartered in Tokyo, Densei-Lambda is the Asian hub of operations for Invensys Power Systems. It is a research and development center of excellence for DC-DC converters and switching power supply product development, manufacturing and purchasing. Densei-Lambda also provides marketing, sales and service support for Invensys Power System's battery and uninterruptible power supply products. 

Invensys Power Systems is the American-based world leader of secure power, energy storage, power conversion and telecom energy systems with 19,000 employees and £1.8 billion in sales.

On November 22, 2000 Invensys plc announced its intention to fully separate its Power Systems division. The Board of Invensys indicated that a primary listing for the separated Power Systems division will be sought on the London Stock Exchange with a probable secondary listing in the US. Densei-Lambda is majority owned by Invensys and will be part of the separated Power Systems division.