RNS Number:5911H
Volex Group PLC
17 February 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VOLEX GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BRITANNIC INVESTMENT MANAGERS 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

     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.

     VIDACOS NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.

     44,284

6)   (0.15%) of issued Class

7)   Number of shares/amount of stock disposed

     -

8)   (N/A%) of issued Class

9)   Class of security

     25P ORDINARY

10)  Date of transaction

     14TH FEBRUARY 2003

11)  Date company informed

     17TH FEBRUARY 2003

12)  Total holding following this notification

     2,576,531
               
13)  Total percentage holding of issued class following this notification

     9.01%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MR. M. ASHCROFT - 01925 830101

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

     Date of Notification      17TH FEBRUARY 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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