Volex Group PLC
28 September 2006



28 September 2006

                                Volex Group plc
                             Annual General Meeting
                              Chairman's Statement

Volex Group plc will be holding its Annual General Meeting at 12.30 p.m today at
which Richard Arkle, Chairman, will make the following statement to
shareholders:

"Since the announcement of the Group's 2006 preliminary results on 14th June
2006, trading has continued in line with the Board's expectations. Whilst
commodity prices have risen significantly since the year-end, steps have been
taken to pass these increases on to customers and at the same time the Group has
been working on reducing costs internally. We continue to implement our global
restructuring programme and have sold the premises at Butts Mill, Leigh for
£1.5m having relocated the harness business to another existing UK site. We
expect to close the Stoke-on-Trent and Clinton sites in the second half of this
financial year with further cost reductions being made.

As part of the business to be considered at the meeting, shareholders have been
asked to approve a Long Term Incentive Plan (the "LTIP"). The LTIP has been
specifically designed to provide high levels of reward in return for high
performance from the Executive Directors and Senior Executives of the Group.
This will enhance the alignment between the creation of significant shareholder
value through improvements in the Company's performance with significant rewards
for the Executive Directors and Senior Executives should that value be created.
If the LTIP is approved, the impact on the profits for this year will not be
material.

"The Board believes it is performing in line with expectations and looks forward
to reporting its Interim results for the half year ended 1st October 2006 in
November."

Richard Arkle
Chairman
Volex Group plc

                                    - Ends -

For further information please contact:

Volex Group plc                                                    020 7067 0700
Richard Arkle, Chairman                                 Thereafter:01925 830 101
Heejae Chae, Group Chief Executive
Derek Walter, Group Finance Director

Weber Shandwick Square Mile                                        020 7067 0700
Chris Lynch
Nick Dibden




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