Holding(s) in Company

Volex Group PLC
22 July 2003

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
Volex Group p.l.c.

2. Name of shareholder having a major interest
BriTel Fund Trustees Limited The Trustees of BT Pension Scheme

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
BriTel Fund Nominees Ltd

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
22 July 2003

12. Total holding following this notification
2,586,316 ordinary shares

13. Total percentage holding of issued class following this notification
9.042%

14. Any additional information
Notification received confirmed holding as at 21 July 2003

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

Director and Company Secretary

01925 830101

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

Date of notification
22 July 2003

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