RNS Number:9912T
Volex Group PLC
08 January 2004

                                  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

BriTel Fund Trustees Limited The Trustees of BT Pension Scheme

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

BriTel Fund Nominees Ltd

5. Number of shares / amount of stock acquired

-

6. Percentage of issued class

-

7. Number of shares / amount of stock disposed

Not disclosed

8. Percentage of issued class

Not disclosed

9. Class of security

Ordinary 25p

10. Date of transaction

Not disclosed

11. Date company informed

7th January 2004

12. Total holding following this notification

1,718,029 ordinary shares

13. Total percentage holding of issued class following this notification

6.007%

14. Any additional information

Notification received confirmed holding as at 6th January 2004

Please cross-refer with the announcement made today relating to the reduction in
the non-material interest of The Trustees of the BT Pension Scheme, Hermes
Investment Management Limited and Hermes Pensions Management Limited.

15. Name of contact and telephone number for queries

Mark Ashcroft

Director and Company Secretary

01925 830101

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

Mark Ashcroft

Date of notification

8th January 2004

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.


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