RNS Number:8360I
Volex Group PLC
17 March 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

      VOLEX GROUP P.L.C

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.

      PLEASE REFER TO SCHEDULE BELOW

5)   Number of shares/amount of stock acquired.

       45,000

6)   (0.16%) 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

     13TH MARCH 2003

11)  Date company informed

      17TH MARCH 2003

12)  Total holding following this notification

      4,600,876
               
13)  Total percentage holding of issued class following this notification

      16.09%

14)  Any additional information

      INTEREST ARISES FROM STATUS AS
      INVESTMENT MANAGER TO THE COMPANIES
      REFERRED TO IN THE ATTACHED SCHEDULE

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 MARCH 2003.....


                              Volex Group p.l.c.

            Notification of Major Interests in Shares on 17th March 2003

                                   Schedule

Registered Holder                      Fund                        Share Holding

HSBC Global Nominees Ltd          Eaglet Investment Trust plc         4,236,570
     A/c Eaglet                   

HSBC Global Nominees Ltd          Unicorn Investment Funds -            228,500
     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:    4,600,876


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


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