RNS Announcement

RNS Number:7684N Volex Group PLC 13 December 2006 13 December 2006 VOLEX GROUP plc New three year banking facilities We are very pleased to announce that we have entered into a new three year US$76m multicurrency revolving credit facility for the Group with Lloyds TSB on improved terms that provide greater operational flexibility. This refinancing reflects the financial strength of the Group following the equity placing in June 2005 and the subsequent trading results that have demonstrated a significant recovery in the Group's health. The new facilities replace the current facilities provided by Barclays, The Royal Bank of Scotland and Bank of America that were due to expire in June 2008. In accordance with IAS39, the refinancing will result in an immediate write-off of 1.5m unamortised refinancing fees on the current facilities through the interest charge and we will be expecting to amortise costs incurred in arranging the new facilities and estimated at a similar amount, over the duration of the new agreement. Richard Arkle Chairman 13 December 2006 For further information please contact: Volex Group plc 01925 830101 Heejae Chae, Group Chief Executive Derek Walter, Group Finance Director Weber Shandwick Square Mile 020 7067 0700 Chris Lynch / Nick Dibden This information is provided by RNS The company news service from the London Stock Exchange END