Trading Statement

Volex Group PLC
19 December 2001

For immediate release - 19th December 2001

                      Volex Group p.l.c. ('the Company')

                              Trading Statement


Volex Group p.l.c., the world's leading independent producer of electronic
cable assemblies and electrical power cords, announces that it is unlikely to
meet  expectations for the year to 31 March 2002 as outlined at the time of
its half-year results.

As already reported, sales in the half-year to 30 September 2001 were 26% down
on the comparative period last year and latest management expectations for
sales for the full-year now indicate a decline of some 33% as against the year
ended 31 March 2001.  The major causes of this latest anticipated decline in
sales are excess stocks held by, and programme deferrals recently imposed on,
certain of the Group's major telecommunications customers.

Benefits from the previously indicated cost reduction actions are
progressively being realised but these are not sufficient to offset the
downturn in profits due to the unexpected sales shortfall. Volex therefore
anticipates broadly a break-even in operating profit for the year before
one-off restructuring costs and goodwill.  However it continues to review its
cost base and expects to be in a position to announce a further major
initiative early in 2002.

For further information, please contact:
Volex Group p.l.c.                                                 01925 830101
Bill Goodall, Chairman
Dom Molloy, Group Chief Executive
Ken Hooper, Group Finance Director

Weber Shandwick Square Mile                                       020 7950 2800
Chris Lynch