Director Shareholding

Volex Group PLC
15 May 2002

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    VOLEX GROUP PLC

2)  NAME OF DIRECTOR

    MR. JOHN CORCORAN

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)

    MR. JOHN CORCORAN

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

    DIRECTOR NAMED IN (2)

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

    SHARE INTERESTS AS AT DATE OF APPOINTMENT

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

    N/A

15) Total holding following this notification

    NIL

16) Total percentage holding of issued class following this notification

    NIL

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

17) Date of grant

    PLEASE SEE BELOW SCHEDULE OF OPTIONS

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

    HOLDING AS AT 7TH MAY 2002 (DATE OF APPOINTMENT)

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  15TH MAY 2002 




                NOTIFICATION OF SHARE INTERESTS OF MR J CORCORAN 
                   AS AT THE DATE OF APPOINTMENT AS A DIRECTOR


SHARE OPTIONS

The following share options in respect of 25p Ordinary Share of Volex Group
p.l.c. have been granted to Mr Corcoran and remain outstanding as at 7th May
2002, being the date of his appointment as a Director of the Company.

DATE OF GRANT   NO. OF SHARES   EXERCISE PRICE    EXERCISE PERIOD

20.12.99            20,000        £9.225 each     21.12.02 - 20.12.09
03.07.00             4,500        £14.75 each     03.07.03 - 03.07.10
18.06.01             7,500         £7.88 each     18.06.04 - 18.06.11
                    ------
                    32,000 shares
                    ======


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