Holding(s) in Company

RNS Number:0378S
Volex Group PLC
13 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
Royal Mail Pensions Trustees Limited, and Possfund Custodian Trustee 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
Shareholders name 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
PossFund Nominees Limited

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
13th November 2003

12. Total holding following this notification
1,399,386

13. Total percentage holding of issued class following this notification
4.893%

14. Any additional information
Notification received confirmed holding as at 12th November 2003. Please cross-
refer with announcement made today relating to the reduction in the non-material
interest of The Trustees of the BT Pension Scheme, Hermes Investment Management
Limited and Hermes Pensions Management Limited.

15. Name of contact and telephone number for queries
Mark Ashcroft

Director and Company Secretary

01925 830101

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

Date of notification
13th November 2003

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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
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