AGM Statement

Volex Group PLC 08 September 2005 Volex Group plc Annual General Meeting 2005 Chairman's Statement Following the successful fund raising of £15.8m (net of expenses) in June 2005, Volex Group plc will be holding its Annual General Meeting today at 12.30 p.m. The Interim Chairman, David Beever, will make the following statement to shareholders: 'Since the announcement of the Group's 2005 preliminary results on 6th June 2005, trading has continued broadly in line with the Board's expectations for the Group. The restructuring plan is being carried out on schedule and in some aspects has been accelerated thus increasing the level of exceptional charges expected this year. The Group's operating results for the year to date are in line with the Board's expectations, however the Group remains cautious about the increasing level of commodity prices, although it has managed so far this year to minimise the impact on the trading performance of the business. I am also pleased to announce the appointment of Mr. Martin May as non-executive Chairman and Board Director of Volex Group plc. Mr. May, age 52, will take up this appointment at the conclusion of today's Annual General Meeting. Mr. May is chairman of Cape plc and a director of a number of private companies, a Fellow of the Chartered Institute of Management Accountants and a founder member and Fellow of the Society of Turnaround Practitioners.' - ENDS - Volex Group plc intends to announce its Interim Results for the half year ended 2nd October 2005 during the second week of November. David Beever 8th September 2005 Interim Chairman Volex Group plc For further information, please contact: Volex Group p.l.c. Today: 020 7067 0700 Thereafter: 01925 830101 David Beever, Interim Chairman John Corcoran, Group Chief Executive Derek Walter, Group Finance Director Weber Shandwick Square Mile 020 7067 0700 Chris Lynch / Nick Dibden This information is provided by RNS The company news service from the London Stock Exchange

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