Holding(s) in Company

Volex Group PLC
25 February 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VOLEX GROUP P.L.C.

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     BRITEL FUND TRUSTEES LIMITED, THE TRUSTEES OF THE 
     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 LIMITED

5)   Number of shares/amount of stock acquired.

     NOT PROVIDED

6)   NOT PROVIDED       of issued Class

7)   Number of shares/amount of stock disposed

        -

8)   ( N/A %) of issued Class

9)   Class of security

      25TH ORDINARY

10)  Date of transaction

      NOT DISCLOSED

11)  Date company informed

     25TH FEBRUARY 2003

12)  Total holding following this notification

      875,823
               
13)  Total percentage holding of issued class following this notification

      3.062%

14)  Any additional information

      NOTIFICATION RECEIVED CONFIRMED
      HOLDING AS AT 24TH FEBRUARY 2003

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 ...25TH FEBRUARY 2003......


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