RNS Number:0375S
Volex Group PLC
13 November 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
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 - 2,059,318 shares

Possfund Nominees Ltd - 1,399,386 shares

5. Number of shares / amount of stock acquired
-

6. Percentage of issued class
-

7. Number of shares / amount of stock disposed
300,000

8. Percentage of issued class
1.049%

9. Class of security
Ordinary 25p

10. Date of transaction
Not disclosed

11. Date company informed
13th November 2003

12. Total holding following this notification
3,458,704 shares

13. Total percentage holding of issued class following this notification
12.092%

14. Any additional information
Notification received confirmed holding as at 12th November 2003. Please 
cross-refer with the announcement made today relating to the reduction in 
material interest of Royal Mail Pensions Trustees Limited and Possfund 
Custodian Trustee Ltd.

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
13th November 2003

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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

HOLBDBDBBDBGGXX