RNS Number:1849I
Volex Group PLC
3 March 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VOLEX GROUP PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UNICORN ASSET 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.

     SEE BELOW


5)   Number of shares/amount of stock acquired.

     100,000


6)   (0.35%) 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

     27TH FEBRUARY 2003


11)  Date company informed

     28TH FEBRUARY 2003


12)  Total holding following this notification

     4,380,876

               
13)  Total percentage holding of issued class following this notification

     15.32%


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 3RD MARCH 2003


           Notification of Major Interests in Shares on 3rd March 2003
                                     Schedule


Registered Holder                              Fund                                   Share Holding

HSBC Global Nominees Ltd                       Eaglet Investment Trust plc               4,061,570
  A/c Eaglet

HSBC Global Nominees Ltd                       Unicorn Investment Funds -                  183,500
  A/c Unicorn Free Spirit                         Unicorn Free Spirit

HSBC Global Nominees Ltd                       Unicorn Investment Funds -                  135,806
  A/c Unicorn UK Smaller Companies                Unicorn UK Smaller Companies

                                                            Total:                       4,380,876


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

END
HOLBGGDXCSGGGXX