AGM Statement

Volex Group PLC
22 July 2002



For Release at 11.30 am, Monday 22 July 2002


                               VOLEX GROUP p.l.c.

                    Trading Update at Annual General Meeting


Bill Goodall, Chairman of Volex Group p.l.c., the world's leading independent
manufacturer of electrical and electronic cable assemblies and electrical power
cords, will report at the Company's Annual General Meeting today that trading in
the first quarter of the current financial year has been satisfactory and in
line with the indications he gave in the 2002 Annual Report and Accounts.  He
will remind shareholders that he had stated that overall the financial year 
2002/03 was likely to see business volumes broadly in line with the previous
financial year with sales in the first half similar to those in the second half
of 2001/02 and an upturn towards the end of the financial year.


For further information, please contact:


Volex Group p.l.c.                                  Tel: [phone] 
Dom Molloy, Chairman*
John Corcoran, Group Chief Executive
Ken Hooper, Group Finance Director

Weber Shandwick Square Mile                         Tel: [phone]
Chris Lynch/Graham Herring


* Following Bill Goodall's retirement as Chairman at the conclusion of the AGM.


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