Holding(s) in Company

Volex Group PLC
18 December 2002


                         DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)   NAME OF COMPANY

     VOLEX GROUP P.L.C.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     EAGLET INVESTMENT TRUST PLC

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

     HOLDING OF SHAREHOLDER NAMED IN 2 ABOVE

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

     HSBC GLOBAL CUSTODY NOMINEES LTD,
     A/C DESIGNATE EAGLET - 866379

5)   Number of shares/amount of stock acquired.

     660,134

6)   (2.307%) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   ( N/A %) of issued Class


9)   Class of security

     25p ORDINARY

10)  Date of transaction

     16.12.02

11)  Date company informed

     18th DECEMBER 2002

12)  Total holding following this notification

     3,568,775
               
13)  Total percentage holding of issued class following this notification

     12.477%

14)  Any additional information



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

     MR. M. ASHCROFT
     DIRECTOR & COMPANY SECRETARY

     Date of Notification  18th DECEMBER 2002


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