Holding(s) in Co.-Replacement

RNS Number:5753U
Volex Group PLC
23 January 2004



                 Replacement Anouncement for Volex Group p.l.c.

The following replaces the Notification of Major Share Interest announcement
released today at 11.28am under RNS number 5703U.

Section 13, "Total percentage holding of issued class following this
notification", is 3.67% and not 3.76% as previously stated.

All other details remain unchanged, and the full amended text appears below.


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company

    VOLEX GROUP PLC

 2. Name of shareholder having a major interest

    UBS Global Asset Management Life Ltd.

 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

    Holding of shareholder named in 2 above.

 4. Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them

    Phildrew Nominees Limited a/c LF20

 5. Number of shares / amount of stock acquired

    -

 6. Percentage of issued class

    -

 7. Number of shares / amount of stock disposed

    Not Disclosed

 8. Percentage of issued class

    Not Disclosed

 9. Class of security

    Ordinary 25p

10. Date of transaction

     Not Disclosed

11. Date company informed

    23rd January 2004

12. Total holding following this notification

    1,050,971

13. Total percentage holding of issued class following this notification

    3.67%

14. Any additional information

    UBS Global Asset Management Life Ltd is a subsidiary of UBS Global Asset 
    Management Holding (No.2) Ltd which is also treated as having an interest in 
    the shareholding disclosed above.

15. Name of contact and telephone number for queries

    Mark Ashcroft - 01925 830101

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

    Mark Ashcroft, Director and Company Secretary

Date of notification

23rd January 2004

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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END

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