Outstanding 40% of Brazilian Subsidiary Acquired

Volex Group PLC 3 April 2000 VOLEX GROUP p.l.c. Volex Acquires outstanding 40% of its subsidiary in Brazil Volex Group p.l.c., the world's leading independent producer of electrical power cords and electronic interconnect cable assemblies, announces that on 31st March 2000 it acquired the outstanding 40% of its subsidiary in Brazil, Volex do Brasil Ltda, for total consideration of Reais 21.9M (£7.9M), 60% of which has been paid in cash with the balance to be paid in 2 instalments on 31 March and 30 November 2001. This purchase relates to the option the Company negotiated when purchasing the initial 60% acquisition in December 1998. Volex's operations in Brazil are of great strategic importance to the Group's global strategy in the data/telecommunications markets. The Group plans to significantly increase manufacturing capabilities and capacities in order to meet future requirements in the expanding communications markets throughout Brazil. For further information, please contact: Volex Group p.l.c Dom Molloy, Group Chief Executive 01925 830101 Ken Hooper, Group Finance Director Ludgate Communications Ltd Chris Lynch/Graham Herring 0171 253 2252

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Volex (VLX)
UK 100

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