Holding(s) in Company

Volex Group PLC
17 December 2004

                                  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
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 -2,402,762 shares

Possfund Nominees Ltd - 1,632,960 shares

5. Number of shares / amount of stock acquired
Not disclosed - acquisition noted

6. Percentage of issued class
Not disclosed - increase noted

7. Number of shares / amount of stock disposed
Not Applicable

8. Percentage of issued class
Not Applicable

9. Class of security
Ordinary 25p

10. Date of transaction
Not disclosed

11. Date company informed
16th December 2004

12. Total holding following this notification
4,035,722 shares

13. Total percentage holding of issued class following this notification
13.662%

14. Any additional information
Notification received confirmed holding as at 15th December 2004.

Please cross-refer with announcement made today in respect of the increase in the material interest of
BriTel Fund Trustees Limited, The Trustees of the BT Pension Scheme and 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
17th  December 2004

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