Preference Share Dividends

Volex Group PLC
03 September 2003

                               VOLEX GROUP p.l.c.

                           PREFERENCE SHARE DIVIDENDS

Following the write down of certain intangible assets in the Company's accounts
for the period ended 31 March 2003, the Company does not currently have
distributable reserves from which to pay dividends. The Board of Volex Group plc
is therefore prohibited from paying the dividend on its outstanding cumulative
preference shares. Volex intends to resume dividends on the cumulative
preference shares when there are sufficient distributable reserves at the
holding company level. Because the preference shares are cumulative, holders
will be entitled to receive any passed dividends when the dividend on the
cumulative preference shares is resumed.

This decision does not prejudice Volex's existing financing arrangements with
its lenders and the Group has adequate funding for its foreseeable requirements.

Volex intends to give its next update on its trading position at the Interim
stage in November 2003.


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