Steel Partners II, L.P. Files Suit Against Del Global Technologies Corp., Seek Information Vital to Proxy Solicitation

Business Wire, April 9, 2003

Business Editors

NEW YORK--(BUSINESS WIRE)--April 9, 2003

Steel Partners II, L.P., member of a group of Del Global Technologies Corp. (Pink Sheets: DGTC.PK) shareholders seeking representation on the Del Global Board, today announced that it has filed suit against the Company in the Supreme Court of the State of New York.

The litigation is intended to force Del Global to comply with Section 624 of the State Business Corporation Law and asks the Court to order the Company to produce the records, documents and information related to the Company's shareholders that the group is entitled to in connection with its nomination of three candidates for election to the Del Global Board at the Company's Annual Meeting scheduled for May 14, 2003.

Warren Lichtenstein, Managing Partner of Steel Partners II, stated, "We regret being forced to go to court to obtain information that, as shareholders in this Company, is ours by both law and right. We are simply seeking records that will enable us to communicate effectively with our fellow shareholders. Not surprisingly, the Del Global Board and management have refused our request. This is just the latest in a line of management misconduct and flawed corporate governance which has included, among other things: the failure to hold an annual meeting in over three years; an enforcement action by the Securities and Exchange Commission related to accounting irregularities which led to a restatement of company financial statements; suspension of trading on the NASDAQ national market and subsequent de-listing because of failure to make timely filings; a lack of internal oversight committees; various related-party transactions and compensation arrangements with directors and officers; consistent, sustained, and increased financial losses over the past three years; and, in light of the foregoing, the diminished return on investment for its shareholders."

In addition to Steel Partners II, L.P., the group includes private investment partnerships managed by investor David W. Wright. In addition to Mr. Wright, the group will solicit proxies for the election of venture capitalist and nationally recognized corporate governance consultant Gerald M. Czarnecki, and nationally recognized corporate governance expert Suzanne M. Hopgood, President of The Hopgood Group, LLC and former President, CEO and a director of Houlihan's Restaurant Group, Inc. Ms. Hopgood has extensive experience in corporate workouts, turnarounds and restructurings.

Regarding the court filing, Mr. Wright commented, "It is unfortunate that the current Board has seen fit to expend shareholders' money on easily avoidable litigation. We look forward to the coming election with confidence, and expect that Del Global shareholders will finally have the opportunity to express their views with their most effective voice - a vote for our nominees."

CERTAIN INFORMATION CONCERNING PARTICIPANTS

Steel Partners II, L.P. ("Steel") has made a preliminary filing with the SEC of proxy materials to be used to solicit votes for the election of its nominees at the Annual Meeting of shareholders of Del Global Technologies Corp. (the "Company") scheduled for May 14, 2003.

Steel strongly advises all shareholders of the Company to read the proxy statement when it is available because it will contain important information. Such proxy statement will be available at no charge on the SEC's web site at http://www.sec.gov. In addition, the participants in any solicitation will provide copies of the proxy statement without charge upon request. Requests for copies should be directed to the participants' proxy solicitor, Innisfree M&A Incorporated, at its toll-free number: 888-750-5834. Detailed information regarding the identity and interests of individuals who may be deemed participants in the solicitation of proxies relating to the Annual Meeting is available in the preliminary proxy statement filed with the SEC on April 4, 2003.