Holding in Company

Volex Group PLC
18 June 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VOLEX GROUP P.L.C.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     i)     LLOYDS TSB GROUP PLC
     ii)    LLOYDS TSB BANK PLC
     iii)   SCOTTISH WIDOWS GROUP LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.



5)   Number of shares/amount of stock acquired.

     NOT DISCLOSED  

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT DISCLOSED

8)   ( - %) of issued Class

9)   Class of security

     25P ORDINARY

10)  Date of transaction

     NOT DISCLOSED

11)  Date company informed

     18 JUNE 2001

12)  Total holding following this notification


               
              
13)  Total percentage holding of issued class following this notification



14)  Any additional information

     NO LONGER HOLD NOTIFIABLE INTERESTS

15)  Name of contact and telephone number for queries

     MR. M. ASHCROFT - 01925 830101

16)  Name and signature of authorised company official responsible for 
     making this notification   
                                

     Date of Notification ..18 JUNE, 2001...