Holding(s) in Company

Volex Group PLC
19 July 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

VOLEX GROUP PLC

2. Name of shareholder having a major interest

Royal Mail Pensions Trustees Limited, Possfund Custodian Trustee 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

Shareholders name 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

PossFund Nominees Limited

5. Number of shares / amount of stock acquired

Not Disclosed - acquisition noted

6. Percentage of issued class

Not Disclosed

7. Number of shares / amount of stock disposed

Not Applicable

8. Percentage of issued class

Not Applicable

9. Class of security

Ordinary 25p

10. Date of transaction

Not Disclosed

11. Date company informed

19th July 2004

12. Total holding following this notification

1,309,248

13. Total percentage holding of issued class following this notification

4.432%

14. Any additional information

Notification received confirmed the holding as at 16th July 2004.

Please cross-refer with the announcement made today relating to the increase in
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

20th  July 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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