New Banking Facilities

Volex Group PLC
13 December 2006


13 December 2006

                                VOLEX GROUP plc


                       New three year banking facilities

We are very pleased to announce that we have entered into a new three year
US$76m multicurrency revolving credit facility for the Group with Lloyds TSB on
improved terms that provide greater operational flexibility. This refinancing
reflects the financial strength of the Group following the equity placing in
June 2005 and the subsequent trading results that have demonstrated a
significant recovery in the Group's health.

The new facilities replace the current facilities provided by Barclays, The
Royal Bank of Scotland and Bank of America that were due to expire in June 2008.

In accordance with IAS39, the refinancing will result in an immediate write-off
of £1.5m unamortised refinancing fees on the current facilities through the
interest charge and we will be expecting to amortise costs incurred in arranging
the new facilities and estimated at a similar amount, over the duration of the
new agreement.


Richard Arkle
Chairman
13 December 2006


For further information please contact:

Volex Group plc                                                     01925 830101
Heejae Chae, Group Chief Executive
Derek Walter, Group Finance Director

Weber Shandwick Square Mile                                        020 7067 0700
Chris Lynch / Nick Dibden










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