RNS Number:3379O
Volex Group PLC
05 August 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

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

HSBC Global Nominees Ltd a/c Eaglet - 4,236,570 Shares

HSBC Global Nominees Ltd a/c - Unicorn Free Spirit -547,840 Shares

HSBC Global Nominees Ltd a/c - Unicorn UK Smaller Companies - 404,306 Shares

5. Number of shares / amount of stock acquired

HSBC Global Nominees Ltd a/c - Unicorn Free Spirit Fund - 244,340 Shares

6. Percentage of issued class

0.85%

7. Number of shares / amount of stock disposed

-

8. Percentage of issued class

-

9. Class of security

Ordinary 25p

10. Date of transaction

135,000 shares were purchased on 27th June 2003

19,340 shares were purchased on 4th July 2003

90,000 shares were purchased on 4th August 2003


11. Date company informed

5th August 2003

12. Total holding following this notification

5,188,716

13. Total percentage holding of issued class following this notification

18.14%

14. Any additional information

Interest arises from status as Investment Manager to the funds referred to below,

Eaglet Investment Trust plc - 4,236,570 shares

Unicorn Investment Funds - Unicorn Free Spirit - 547,840 shares

Unicorn Investment Funds - Unicorn UK Smaller Companies - 404,306 shares

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

Director of Corporate Affairs & Company Secretary

01925 830101

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

Mark Ashcroft

Date of notification

5th August 2003

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