Holding(s) in Company

Volex Group PLC
9 July 2003

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


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

HOLDING OF UNICORN FREE SPIRIT FUND AND UNICORN MASTERTRUST 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 MASTERTRUST FUND     457,840

HSBC NOMINEES LTD, DESIGNATED A/C
UNICORN INVESTMENT FUNDS FREE SPIRIT FUND     404,306

5)   Number of shares/amount of stock acquired.

19,340

6)   (0.067%) 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

3/7/03

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

MR M. ASHCROFT 

01925 830101


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

     Date of Notification ..............   9TH JULY 2003  ..........





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