Holding(s) in Company

Volex Group PLC
30 January 2004



                               VOLEX GROUP p.l.c.

                                30 January 2004

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



Volex Group plc has today received notification pursuant to Part VI of the
Companies Act 1985, that UBS Global Asset Management Life Ltd and UBS Global
Asset Management Holding (No.2) Ltd, no longer have a notifiable interest in the
ordinary share capital of the Company.



Mark Ashcroft

Director and Company Secretary

Tel: [phone]








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