Volex Regulatory News (VLX)

23 June 2011

Volex Group PLC

Publication and posting of 2011 Annual Report & Accounts

& Notification of Annual General Meeting

Volex Group plc (the "Company") announces that it has posted to shareholders its 2011 Annual Report & Accounts (the "Annual Report") (incorporating the Notice of Annual General Meeting to be held at 10 Eastbourne Terrace, London W2 6LG on 25 July 2011 at 2.30 p.m. (the "AGM")), together with a Form of Proxy for use in connection with the AGM.

A copy of the 2011 Annual Report and Form of Proxy is available on the Company's website, www.volex.com and has also been submitted to the UK Listing Authority's National Storage Mechanism and will shortly be available at www.hemscott.com/nsm.do.

In order to simplify the Company's capital structure, the Notice of AGM includes a proposal to cancel and repay the 7% cumulative preference shares of £1 each in the capital of the Company (the "Preference Shares") by means of a reduction of capital at par value, together with the accrued dividend up to and including the date on which the Preference Shares are cancelled. The proposed cancellation and repayment will require confirmation of the Court. If the resolution to cancel and repay the Preference Shares is approved at the AGM, the Company intends to apply for the cancellation of the admission of the Preference Shares to the Official List and to trading on the London Stock Exchange's market for listed securities.

In accordance with DTR 6.3.5, the following is provided in respect of information that was not previously made available in the Company's Preliminary Announcement of the Group Results for the financial year ended 3 April 2011 released on 1 June 2011 and has been extracted from the Annual Report in full and unedited form.

Statement of Directors' Responsibilities

The Directors are responsible for preparing the Annual Report, the Directors' Remuneration Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the Group and parent Company financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the European Union. Under Company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of the profit or loss of the Group for that period. In preparing these financial statements, the Directors are required to:

·; select suitable accounting policies and then apply them consistently;

·; make judgements and accounting estimates that are reasonable and prudent;

·; state whether applicable IFRSs as adopted by the European Union have been followed, subject to any material departures disclosed and explained in the financial statements;

·; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the financial statements and the Directors' Remuneration Report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each of the Directors, whose names and functions are listed in the section, Board of Directors, of the annual report confirm that, to the best of their knowledge:

·; the Group financial statements, which have been prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit of the Group;

·; the management report contained within the Directors' Report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal risks and uncertainties that it faces;

·; so far as each of the Directors is aware, there is no relevant audit information of which the Company's auditors are unaware; and

·; each of the Directors has taken all the steps he/she ought to have taken individually as a Director in order to make himself/herself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

For further information please contact:

Volex Group plc