Stmnt re Share Price Movement

Volex Group PLC
14 February 2001

VOLEX - TRADING STATEMENT

For immediate release



The Company has noted the fall in the price of its shares and would make the
following statement.

Although the Company has experienced buoyant trading conditions during most of
the current financial year, trading in the last quarter has been below
expectation due to order deferments by, and reduced visibility with, the
Group's telecommunications and networking customers. The Company anticipates
that the results for the full year ending 31 March 2001 will consequently be
marginally below market expectations.

The Company believes that its future target annual sales and operating profit
growth rates of 15 - 20 per cent. are still achievable based on the underlying
growth rates in the Company's markets and the potential from global supplier
consolidation