Holding(s) in Company

Volex Group PLC
17 December 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VOLEX GROUP PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     UNICORN ASSET MANAGEMENT LTD

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.

     660,134

6)   (2.307%) 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

     16.12.02

11)  Date company informed

     17th DECEMBER 2002

12)  Total holding following this notification

     3,963,581
               
13)  Total percentage holding of issued class following this notification

     13.857%

14)  Any additional information

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

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

     MR M ASHCROFT
     DIRECTOR & COMPANY SECRETARY

     Date of Notification   17th DECEMBER 2002



                               Volex Group p.l.c.

        Notification of Major Interests in Shares on 17th December 2002 

                                  Schedule 


Registered Holder                  Fund                           Share Holding

HSBC Global Nominees Ltd           Eaglet Investment Trust plc        3,568,775
   A/c Eaglet

Bank of New York,                  Unicorn AIM VCT plc                  186,000
   A/c ref Unicorn AIM VCT plc

HSBC Global Nominees Ltd           Unicorn Investment Funds -            73,000
   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:             3,963,581
                                                                      =========

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