3 January 2025

LEI: 213800HBLQNH5FXXGE63

Volex plc

("Volex", or the "Company")

Deferred Consideration for Murat Ticaret Acquisition

Volex (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to announce that, further to the announcements dated 22 June 2023 and 1 September 2023 regarding the acquisition of Murat Ticaret Kablo Sanayi A.Ş. ("Murat Ticaret") (the "Acquisition"), Murat Ticaret has exceeded the EBITDA targets set out under the acquisition agreement for the first 12 months immediately following the Acquisition.

As a result, the first tranche of deferred consideration for the Acquisition is now due to four former owners of Murat Ticaret. In accordance with the terms of the acquisition agreement, the Company will satisfy 50% of the deferred consideration in ordinary shares, such that the deferred consideration comprises:

·    €10m of cash, in aggregate; and

·    2,878,830 ordinary shares of 25 pence each in the capital of Volex (the "New Shares").

Application has been made to London Stock Exchange plc for the New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 8 January 2025.

Following Admission, the issued share capital of Volex will comprise 184,529,938 Ordinary Shares of 25 pence each, with one vote per share. There are no shares held in treasury. Therefore, following Admission, this figure of 184,529,938 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

The announcement dated 22 June 2023 sets out further details on the remainder of the deferred consideration in respect of the Acquisition.

For further information please contact:

About Volex

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 28 advanced manufacturing facilities, uniting 14,000 dynamic individuals from 25 different nations. Our extraordinary products find their way to market through our localised sales teams and authorised distributor partners, supporting Original Equipment Manufacturers and Electronic Manufacturing Services companies across the globe. In a world that grows more digitally complex by the day, customers trust us to deliver power and connectivity that drives everything from household essentials to life-saving medical equipment. Learn more at www.volex.com.