11 May 2021

Volex plc

("Volex" or the "Company")

Employee Benefit Trust Share Purchase

The Company has been notified by the trustee of the Volex Group PLC Employees' Share Trust (the "EBT") that on Thursday 6 and Friday 7 May 2021, the EBT purchased a total of 215,000 Ordinary Shares of 25p each at an average price of 326.87 pence per share. The shares will be held in the EBT, a discretionary trust, and are intended to be used to satisfy the exercise of share options by employees including the Directors of the Company. Following these transactions, the Company's EBT holds a total of 1,146,577 Ordinary Shares, representing approximately 0.73% of the Company's issued share capital.

For further information please contact:

Volex plc	+44 (0)7747 488 785
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer

N+1 Singer - Nominated Adviser & Joint Broker	+44 (0)20 7496 3000
Shaun Dobson
Iqra Amin

HSBC Bank Plc - Joint Broker	+44 (0)20 7991 8888
Simon Alexander
Joe Weaving

Powerscourt - Media Enquiries

+44 (0)20 7250 1446

James White

Jack Holden

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