Scrip Reference Price

As set out in the Company's half year results for the 26 weeks ended 1 October 2023, an interim dividend of 1.4 pence per share is proposed to be paid on 10 January 2024 to those shareholders on the register on 1 December 2023. Shareholders may elect to receive the interim dividend as shares in the Company, in lieu of cash, under the Volex plc Scrip Dividend Scheme.

The reference price of a new ordinary share under the Scrip Dividend Scheme for the Company's interim dividend has been set at 307.3 pence, which represents the average of the mid-market closing price of the Company's ordinary shares for the five dealing days commencing on the ex-dividend date.

Shareholders who wish to elect to receive the 2023 interim dividend in shares must either (i) complete a Scrip Dividend Mandate Form and return it to Link Group, (ii) make a Scrip election online via www.signalshares.com, or (iii) submit a Dividend Election Input Message in CREST, in each case by no later than 5.00 p.m. on 15 December 2023.

Those shareholders who have opted into a permanent scrip election by completing (and not cancelling) a Scrip Dividend Mandate Form either in hard copy or via www.signalshares.com do not need to complete a new mandate form for the interim dividend. However, shareholders holding their shares in CREST need to make an election for each dividend and would need to submit a Dividend Election Input Message in respect of the interim dividend.

Further information, including a copy of the terms and conditions for the Volex plc Scrip Dividend Scheme, are available on the Company's website: https://www.volex.com/wp-content/uploads/2022/07/Volex-Plc-Scrip-Dividend-Scheme-Terms-Conditions-Final.pdf.