Holding(s) in Company

Volex Group PLC
20 October 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
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
Unicorn Investment Funds Free Spirit Fund and

Unicorn UK Smaller Companies Fund

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them
HSBC Global Nominees Ltd a/c - Unicorn Free Spirit - 757,840 Shares

HSBC Global Nominees Ltd a/c - Unicorn UK Smaller Companies - 404,306 Shares

5. Number of shares / amount of stock acquired
HSBC Global Nominees Ltd a/c - Unicorn Free Spirit Fund - 25,000 Shares

6. Percentage of issued class
0.09%

7. Number of shares / amount of stock disposed
-

8. Percentage of issued class
-

9. Class of security
Ordinary 25p

10. Date of transaction
17th October 2003

 11. Date company informed
20th October 2003

12. Total holding following this notification
1,162,146

13. Total percentage holding of issued class following this notification
4.06 %

14. Any additional information
 -

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

Director of Corporate Affairs & Company Secretary

01925 830101

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

Date of notification
20th October 2003

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