Holding(s) in Company

Volex Group PLC
22 November 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      VOLEX GROUP PLC

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

       SHAREHOLDING 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
       ACCOUNTS DESIGNATE EAGLET 866379

5)   Number of shares/amount of stock acquired.

        215,611

6)   ( 0.75%) 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

       19.11.02 (157,000)
       20.11.02 (58,611)

11)  Date company informed

       22ND NOVEMBER 2002

12)  Total holding following this notification

       2,623,641
               
13)  Total percentage holding of issued class following this notification

       9.173%

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

     Date of Notification 22ND NOVEMBER 2002





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