Holding(s) in Co-Replacement

Volex Group PLC
10 July 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

This following announcement replaces the Holdings in Company announcement
released on 9th July 2003 at 13.46 under RNS 3566N.


Under section 4 the names of the registered holders should have read,


HSBC Nominees Ltd, Designated a/c Unicorn Investment Funds Smaller UK Fund,
holding 404,306 shares, and


HSBC Nominees Ltd, Designated a/c Unicorn Investment Funds Free Spirit Fund,
holding 457,840 shares and not as previously reported.


All other details remain the same.



1. Name of company

Volex Group p.l.c.

2. Name of shareholder having a major interest

Unicorn Investment Funds ICVC

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

Unicorn Mastertrust Fund and Unicorn Free Spirit Fund


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

HSBC Nominees Ltd Designated a/c -Unicorn Investment Funds UK Smaller Fund, 404,306 shares.

HSBC Nominees Ltd Designated a/c - Unicorn Investment Funds Free Spirit Fund, 457,840 shares.

5. Number of shares / amount of stock acquired

19,340

6. Percentage of issued class

0.067%

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class

-

9. Class of security

Ordinary 25p shares

10. Date of transaction

3rd July 2003


11. Date company informed

8th July 2003

12. Total holding following this notification

862,146

13. Total percentage holding of issued class following this notification

3.014%

14. Any additional information

First Notification Received Pursuant to section 198 Companies Act 1985

15. Name of contact and telephone number for queries

Mark Ashcroft

Director & Company Secretary

01925 830101

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

Mark Ashcroft

Date of notification

10th July 2003

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


                      This information is provided by RNS
            The company news service from the London Stock Exchange         SFUFDSSDSEEW