Trading Update

Volex Group PLC
29 July 2003




EMBARGOED UNTIL 10.30 A.M. 29TH JULY 2003


                            July 2003 Trading Update                                        
                                        

We have announced the closure of manufacturing operations in our facility in
Castlebar, Ireland. It is envisaged that 170 employees in manufacturing and
direct support roles will be impacted as production is transferred to other
Volex locations by the end of December 2003. The planned cost of this exercise
is €4m (approx. £2.8m). The Group will maintain its European Headquarters in
Castlebar.


Trading remains very difficult, but the Group continues to perform, after
allowing for the cost of this exercise, in line with market expectations.




                                    - END -


For further information:


Volex Group p.l.c.        Today: 020 7067 0700          Thereafter: 01925 830101
Dom Molloy, Chairman
John Corcoran, Group Chief Executive
David Hudson, Group Finance Director


Weber Shandwick Square Mile                                        020 7067 0700
Chris Lynch / Peter Corbin






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