AGM Statement

Volex Group PLC
19 July 2001


Embargoed until 7am, 19 July 2001


                      Volex Group p.l.c. ('the Company')


                                AGM Statement

At the AGM to be held today, the following trading update will be made:

'Trading in the first quarter has been as anticipated with sales being some
20% down over the same period last year. The Group is operating profitably
although margins are down due to lower volumes.

The business outlook remains uncertain, with our major infocom customers
declining to give indications of their own market expectations. Against this
background the Group has already taken measures to reduce its cost base and
continues to review capacities and revenue and capital spending with a view to
optimising profits and cash flows. We remain ready to take full advantage of a
future recovery in trading across the Group's markets.'

Contact details:
Bill Goodall, Chairman                                        Tel: [phone]

Dominick Molloy, Chief Executive

Ken Hooper, Finance Director