Interim Management Statement

Volex Group PLC
24 July 2007


24 July 2007

                                Volex Group plc

                          Interim Management Statement

In accordance with the new requirements to issue an Interim Management Statement
the Board has approved the following statement to be issued ahead of the Annual
General Meeting:

The Board is pleased to report that trading for the 16 weeks to 20 July 2007 is
in line with management expectations and that the Group has continued to make
good progress.

Group revenue in the period was 1% behind the same period last year. In local
currency terms, revenue grew 5%. The Board expects positive growth across all
divisions to continue for the financial year, with improved operating margins as
we begin to benefit from our restructuring programme and improving productivity.

Power Products revenue increased 3% compared to the same period last year. In
local currency terms revenue increased 12%, continuing the strong growth trend
reported for FY2007. Margins have remained stable, though fluctuating commodity
prices continue to be a matter for close management attention.

Revenue on Interconnect declined 8% compared to the same period last year, and
3% in local currency terms. The decline was driven by a customer rationalisation
programme that was carried out during the second half of FY2006 and the first
half of FY2007. On a sequential basis, the division's revenue grew 7% compared
to the previous 16 week period. The forward order book is positive and the
pipeline is strong, especially with the activities focused on High Speed and
Radio Frequency products.

Revenue in Wiring Harness is 1% ahead of the same period last year and the
operational reorganisation of the division is progressing as planned. We expect
to complete this project during the fiscal year at which point we should begin
to see the benefits of the cost reductions with an improvement in operating
margins.

Net debt at the end of the first quarter was £13.4m compared to £15.5m at the
same date last year. There have been no other significant changes in the
position of the Group in the period since the publication of the Report and
Accounts for the 52 weeks ended 1 April 2007.

The outlook for the financial year is positive with a strengthening order book
and sales pipeline confirming the Board's view that the Group is making
strategic progress.

                                    - ends -

For further information, please contact:

Volex Group plc                                                     01925 830101
Richard Arkle, Chairman
Heejae Chae, Group Chief Executive
Ian Degnan, Group Finance Director


Weber Shandwick Financial                                          020 7067 0700
Nick Dibden / James White




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