Holding(s) in Company

Volex Group PLC
15 July 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
VOLEX GROUP PLC

2. Name of shareholder having a major interest
The Trustees of The BT Pension Scheme,

Hermes Investment Management Limited,

Hermes Pensions Management Limited.

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
BriTel Fund Nominees Ltd - 2,529,750 shares

Possfund Nominees Ltd - 1,718,805 shares

5. Number of shares / amount of stock acquired
Not disclosed

6. Percentage of issued class
Not disclosed

7. Number of shares / amount of stock disposed
-

8. Percentage of issued class
-

9. Class of security
Ordinary 25p

10. Date of transaction
Not disclosed

11. Date company informed
15th July 2003

12. Total holding following this notification
4,248,555 shares

13. Total percentage holding of issued class following this notification
14.854%

14. Any additional information
Notification received confirmed holding as at 14th July 2003.

Please cross-refer with the announcement made earlier today relating to the increase in the material
interest of Royal Mail Pensions Trustees Limited and Possfund Custodian Trustee Ltd

15. Name of contact and telephone number for queries
Mark Ashcroft

Director of Corporate Affairs and Company Secretary

01925 830101

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

Date of notification
15th July 2003

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