RNS Announcement

RNS Number:4690U Volex Group PLC 05 April 2007 5 April 2007 Volex Group plc (the "Group" or the "Company") Post-close Update Volex Group plc, the global electrical and electronic cable assemblies group, will announce its results for the 52 weeks ending 1 April 2007 on 11 June 2007. Also, in response to shareholders' request for more proactive investor communications, the Company will issue a post-close update annually as well as a trading update for the first half performance. "I am pleased with the progress of the Company since the announcement of the interim results in November 2006. I expect the business to show revenue growth compared to FY 2005/6 before exchange rate movements, though, the weak USD is expected to reduce this level of year on year growth. The high price of copper has continued to impact margins in the Powercords business, though lower copper prices in the latter part of the year have been and continue to be beneficial. The combined impact of copper and the USD means that the Group expects the FY2006/7 results to be slightly below analysts' expectations. I am confident that the Group's comprehensive restructuring programme is ahead of plan. The benefits from the cost reductions will be further realized in the coming year as the productivity and efficiency increases in the new facilities and the full year impact is reflected in the results. I believe that the Group is on track in the execution of its strategy to deliver growth through new technologies and products. The Group is positive on the outlook for the next financial year for each of the businesses. Powercords continues to grow strongly driven by new and innovative applications such as Apple iPhone. Interconnect is leveraging its global position to gain market share and further expand into higher margin products. In particular, the Company is excited about Interconnect's growth in India driven by the investment in wireless infrastructure. Wiring Harness looks encouraging due to the strong growth prospects of the UK Defence Market and the recently secured long-term contract with Rolls-Royce. I anticipate that the Group will continue to make progress over the coming year and I believe that the performance in the next financial year will be in line with Management's expectations." Richard Arkle Chairman Volex Group plc For further information, please contact: Volex Group plc Heejae Chae, Group Chief Executive 01925 844601 Ian Degnan, Group Finance Director Weber Shandwick Financial Chris Lynch / Nick Dibden / James White 020 7067 0700 This information is provided by RNS The company news service from the London Stock Exchange END