Holding(s) in Company

Volex Group PLC
26 November 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 Asset 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
HSBC Global Nominees Ltd a/c Eaglet - 4,236,570 Shares

HSBC Global Nominees Ltd a/c - Unicorn Free Spirit - 782,840 Shares

HSBC Global Nominees Ltd a/c - Unicorn UK Smaller Companies - 432,606 Shares

5. Number of shares / amount of stock acquired
HSBC Global Nominees Ltd a/c - Unicorn Free Spirit Fund - 18,300 Shares

6. Percentage of issued class
0.06%

7. Number of shares / amount of stock disposed
-

8. Percentage of issued class
-

9. Class of security
Ordinary 25p

10. Date of transaction
26th November 2003

 11. Date company informed
26th November 2003

12. Total holding following this notification
5,452,016

13. Total percentage holding of issued class following this notification
19.06%

14. Any additional information
Interest arises from status as Investment Manager to the funds referred to below,

Eaglet Investment Trust plc - 4,236,570 shares

Unicorn Investment Funds - Unicorn Free Spirit -782,840 shares

Unicorn Investment Funds - Unicorn UK Smaller Companies - 432,606 shares

 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
26th November 2003

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