Holding(s) in Company

Volex Group PLC
09 May 2007

                TR-l: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1.   Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached (ii):


VOLEX GROUP PLC


2.   Reason for the notification: (please state Yes/No):


An acquisition or disposal of voting rights: YES


An acquisition or disposal of financial instruments, which may result in the
acquisition of shares already issued to which voting rights are attached: NO


An event changing the breakdown of voting rights: NO


Other (please specify)



3.   Full name of the person(s) subject to the notification obligation:


GARTMORE INVESTMENT LIMITED



4.   Full name of shareholder(s) (if different from 3.):


GARTMORE FUND MANAGERS LTD A/C GARTMORE UK & IRISH SMALLER COMPANIES
GARTMORE SMALLER COMPANIES TRUST PLC
GARTMORE FLEDGLING TRUST PLC
GARTMORE GROWTH OPPORTUNITIES PLC
STRATHCLYDE PESION FUND
GARTMORE GO C SHARE POOL



5.   Date of the transaction and date on which the threshold is crossed or 
reached:



3 MAY 2007



6.   Date on which issuer notified:



9 MAY 2007



7.   Threshold(s) that is/are crossed or reached:



5%




8.   Notified details:



A:   Voting rights attached to shares


Class /type of      Situation Previous to        Resulting situation after the Triggering
shares              the Triggering                Transaction
                    Transaction

If possible using   Number of  Number of   Number      Number of voting     % of voting Rights
the                 Shares     voting      of          Rights ix             
ISIN CODE                      Rights      shares
                               iii                     Directxi  Indirect     Direct   Indirect


GB0009390070         Below 5%  Below 5%    2,900,000   -         2,900,000    -        5.113%




B:   Financial Instruments


Resulting situation after the triggering transaction xii


Type of        Expiration Date xiii       Exercise                Number of voting             % of voting
financial                                 Conversion Period       Rights that may be           rights
instrument                                /Date xiv               Acquired if the instrument
                                                                  is exercised/converted.


-              -                          -                       -                            -



Total (A+B)

         Number of voting rights                          % of voting rights

                       2,900,000                              5.113%





9.   Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if applicable xv

NOT APPLICABLE



Proxy Voting:



10.  Name of the proxy holder:



NOT APPLICABLE



11.  Number of voting rights proxy holder will cease to hold:



NOT APPLICABLE



12.  Date on which proxy holder will cease to hold voting rights:



NOT APPLICABLE



13.  Additional information



ALL SHARES ARE HELD INDIRECTLY.
THE INFORMATION SUPPLIED IS BASED ON AN ISSUED SHARE CAPITAL OF 56,713,781 
SHARES



14.  Contact name:



WENDY TATE
COMPANY SECRETARY



15.  Contact telephone number:



01925 830101

END












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