Holding(s) in Company

Volex Group PLC
6 January 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

VOLEX GROUP P.L.C.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

UNICORN ASSET MANAGEMENT LTD

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

NON BENEFICIAL INTEREST

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

PLEASE REFER TO SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

60,000

6)   (0.209%) 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

30.12.02

11)  Date company informed

31ST DECEMBER 2002

12)  Total holding following this notification

4,033,715
               
13)  Total percentage holding of issued class following this notification

14.102%

14)  Any additional information

INTEREST ARISES FROM STATUS AS INVESTMENT MANAGER TO THE COMPANIES REFERRED TO
IN THE SCHEDULE BELOW

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 6TH JANUARY 2003................


                      Volex Group P.l.c.

   Notification of Major Interests in Shares on 6th January 2003

                          Schedule


Registered Holder                     Fund                         Share Holding

HSBC Global Nominees Ltd              Eaglet Investment Trust plc      3,638,909
A/c Eaglet

Bank of New York,                     Unicorn AIM VCT plc                186,000
A/c ref Unicorn AIM VCT plc

HSBC Global Nominees Ltd              Unicorn Investment Funds -          73,000
A/c Unicorn Free Spirit               Unicorn Free Spirit

HSBC Global Nominees Ltd              Unicorn Investment Funds -         135,806
A/c Unicorn UK Smaller Companies      Unicorn UK Smaller Companies

                                               Total:                  4,033,715

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