RNS Number:9909T
Volex Group PLC
08 January 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 - 1,718,029 shares

Possfund Nominees Ltd - 1,167,523 shares

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

7th January 2004

12. Total holding following this notification

2,885,552 shares

13. Total percentage holding of issued class following this notification

10.088%

14. Any additional information

Notification received confirmed holding as at 6th January 2004. Please cross-
refer with the announcement made today relating to the reduction in material
interest of BriTel Fund Trustees Limited The Trustees of the BT Pension Scheme.

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

8th January 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
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