Volex Group PLC 28 June 2005 Volex Group plc (the "Company") Results of Placing and Open Offer On 6 June 2005, the Company announced a Firm Placing and a Placing and Open Offer of a total of 25,850,340 New Ordinary Shares at 73.5 pence each to raise £19.0 million (before expenses). Qualifying Shareholders were invited to participate in the Issue by way of the Open Offer and to apply for up to 7,773,866 of these New Ordinary Shares on the basis of 5 Open Offer Shares for every 19 Existing Ordinary Shares held on the Record Date and so in proportion to any number of Existing Ordinary Shares then held. Under the Open Offer which closed at 3.00p.m. on 27 June 2005, valid applications have been received in respect of 5,676,853 Open Offer Shares, representing approximately 73.0 per cent. of the Open Offer Shares available under the Open Offer. The remaining 2,097,013 Open Offer Shares will be subscribed for by institutional and other investors with whom they were conditionally placed subject to a right of clawback to satisfy valid applications from Qualifying Shareholders under the Open Offer. 18,076,474 New Ordinary Shares were also placed firm with institutional and other investors pursuant to the Firm Placing and will therefore be subscribed for by those investors. The Issue remains subject to shareholder approval, the resolutions for which will be proposed at an Extraordinary General Meeting of the Company to be held on Wednesday 29 June 2005 at 11.00 a.m., and Admission. Assuming that shareholder approval is obtained it is expected that Admission will commence by 8.00 a.m. on 30 June 2005, for which applications have been made. CREST stock accounts are expected to be credited on 30 June 2005 in respect of the New Ordinary shares to be held in uncertificated form and definitive share certificates in respect of the New Ordinary Shares to be held in certificated form are expected to be posted, where applicable, by 7 July 2005. Unless the context provides otherwise, words and expressions defined in the prospectus sent to shareholders of the Company dated 6 June 2005 shall have the same meanings in this announcement. 28 June 2005 This information is provided by RNS The company news service from the London Stock Exchange