Director Shareholding

Volex Group PLC
8 April 2002



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    VOLEX GROUP PLC

2)  NAME OF DIRECTOR

    Mr MARK ASHCROFT

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

    DIRECTOR NAMED IN (2)

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

    N/A

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    LAPSE OF SHARE OPTION

7)  Number of shares/amount of
    stock acquired

    -

8)   (N/A %)
    of issued Class



9)  Number of shares/amount
    of stock disposed

    -

10)  ( N/A %)
    of issued Class



11) Class of security

    N/A

12) Price per share

    N/A

13) Date of transaction

    N/A

14) Date company informed

    8th APRIL 2002

15) Total holding following this notification



16) Total percentage holding of issued class following this notification



     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information

    LAPSE OF OPTION TO ACQUIRE 150 SHARES AT £5.17 EACH PURSUANT TO THE
    VOLEX 1994 SHARE SAVINGS SCHEME UPON EXPIRATION OF EXERCISE PERIOD

24) Name of contact and telephone number for queries

    Mr M ASHCROFT - 01925-830101 

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification    8th APRIL 2002
                             
                      This information is provided by RNS
            The company news service from the London Stock Exchange