Dynex Power Inc. issues share options to officers

    Listing:  TSX Venture Exchange
    Symbol:   DNX

    LINCOLN, England, March 17 /CNW Telbec/ - Dynex Power Inc. ("Dynex")
announced today that it has granted 100,000 share options to Paul Taylor, the
Chief Executive Officer and 50,000 options to Bob Lockwood, the Chief
Financial Officer. The options were granted pursuant to the Company's stock
option plan with an exercise price of $0.27 and a term of five years. These
options form part of the overall compensation plan for these officers.

    About the Company

    Dynex is one of the world's leading independent suppliers of specialist,
high power semiconductor products. Dynex Semiconductor Ltd is its operating
business and is based in Lincoln, England in a facility housing the fully
integrated silicon wafer fabrication, assembly and test, sales, design and
development operations. Dynex designs and manufactures high power bipolar
discrete semiconductors, power modules, including insulated-gate bipolar
transistors (IGBTs), and high power electronic assemblies. Dynex products are
used world wide in power electronic applications including electric power
generation, transmission and distribution, marine and rail traction drives,
aircraft, electric vehicles, industrial automation and controls. The company
continues to produce and sell certain high reliability integrated circuits
(ICs) for use in specialist applications led by its proven radiation hard
Silicon-on-Sapphire products for space and nuclear applications.

    The TSX-Venture Exchange does not accept responsibility for the
    adequacy or accuracy of this release.

    Press announcements and other information about Dynex are available on
the World Wide Web at http://www.dynexsemi.com.
    %SEDAR: 00010667E

For further information:

For further information: Dr. Paul Taylor, President and Chief Executive
Officer, or Bob Lockwood, Finance Director and Chief Financial Officer, Dynex
Power Inc., Tel: +44 1522 500 500, investorrelations@dynexsemi.com

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