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



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