31 August 2022

Volex plc

(the "Volex" or "Company")

Director / PDMR Dealing

Volex plc (AIM:VLX) announces that it has been notified that on 26 August 2022, the following directors / persons discharging managerial responsibilities ('PDMRs') acquired (in aggregate) 97,011 ordinary shares in the capital of the Company (the 'Shares') upon vesting of the deferred bonus awards granted to them on 26 August 2021 under the Volex plc Deferred Bonus Plan (the 'DBP Awards'). Details of the vested DBP Awards are summarised below:

PDMR	Number of vested Shares
Nat Rothschild	42,365
John Molloy	29,011
Jon Boaden	25,635

The DBP Awards were satisfied on a nil-cost basis using existing Shares purchased in the market by the trustee of the Company's employee benefit trust.

The Company also announces that it has been notified that on 26 August 2022, 14,505 vested Shares were retained and sold on John Molloy's behalf and 12,369 vested Shares were retained and sold on Jon Boaden's behalf to settle their respective tax liabilities in relation to the vesting of their DBP Awards (in accordance with an irrevocable authority provided to the Company by each PDMR for this purpose).

Following the above dealings, and the dealings announced on 30 August 2022 in connection with the scrip dividend, the PDMRs hold (or are interested in) the following Shares (not including unvested or unexercised LTIP or DBP Awards):

PDMR	Number of Shares	Holding as a percentage of issued share capital
Nat Rothschild*	39,321,176	24.72%
John Molloy**	2,310,206	1.45%
Jon Boaden	15,054	0.009%

*Including those shares held through NR Holdings Ltd, of which Nat Rothschild is a beneficiary **Including those shares held by Sharon Molloy, a PCA with John Molloy

This announcement is made in accordance with Article 19 of the UK version of the EU Market Abuse Regulation 596/2014 which has effect in English law by virtue of the European Union (Withdrawal) Act 2018.

Nat Rothschild:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nat Rothschild
2	Reason for the notification
a)	Position/status	PDMR, Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex PLC
b)	LEI	213800HBLQNH5FXXGE63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25 pence each
b)	Nature of the transaction	Acquisition of shares on the vesting of deferred bonus award
c)	Price(s) and volume(s)	Price(s) £nil	Volume(s) 42,365
d)	Aggregated information - Aggregated volume - Price	42,365 £nil
e)	Date of the transaction	26 August 2022
f)	Place of the transaction	Outside a trading venue

John Molloy:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Molloy
2	Reason for the notification
a)	Position/status	PDMR, Chief Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex PLC
b)	LEI	213800HBLQNH5FXXGE63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25 pence each
b)	Nature of the transaction	Acquisition of shares on the vesting of deferred bonus award
c)	Price(s) and volume(s)	Price(s) £nil	Volume(s) 29,011
d)	Aggregated information - Aggregated volume - Price	29,011 £nil
e)	Date of the transaction	26 August 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Molloy
2	Reason for the notification
a)	Position/status	PDMR, Chief Operating Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex PLC
b)	LEI	213800HBLQNH5FXXGE63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25 pence each
b)	Nature of the transaction	Sale of shares to settle tax liability arising on the vesting of deferred bonus award
c)	Price(s) and volume(s)	Price(s) 283.5p	Volume(s) 14,505
d)	Aggregated information - Aggregated volume - Price	14,505 £41,121.68
e)	Date of the transaction	26 August 2022
f)	Place of the transaction	AIM market of the London Stock Exchange

Jon Boaden:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jon Boaden
2	Reason for the notification
a)	Position/status	PDMR, Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex PLC
b)	LEI	213800HBLQNH5FXXGE63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25 pence each
b)	Nature of the transaction	Acquisition of shares on the vesting of deferred bonus award
c)	Price(s) and volume(s)	Price(s) £nil	Volume(s) 25,635
d)	Aggregated information - Aggregated volume - Price	25,635 £nil
e)	Date of the transaction	26 August 2022
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jon Boaden
2	Reason for the notification
a)	Position/status	PDMR, Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Volex PLC
b)	LEI	213800HBLQNH5FXXGE63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 25 pence each
b)	Nature of the transaction	Sale of shares to settle tax liability arising on the vesting of deferred bonus award
c)	Price(s) and volume(s)	Price(s) 283.50p	Volume(s) 12,369
d)	Aggregated information - Aggregated volume - Price	12,369 £35,066.12
e)	Date of the transaction	26 August 2022
f)	Place of the transaction	AIM market of the London Stock Exchange

For further information please contact:

Volex plc	+44 (0)7971 156 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and Company Secretary
Singer Capital Markets (Nominated Adviser & Joint Broker)	+44 (0)20 7496 3000
Shaun Dobson / George Tzimas
HSBC Bank plc - Joint Broker	+44 (0)20 7991 8888
Simon Alexander / Joe Weaving