RNS Number:0518U
Volex Group PLC
09 January 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

VOLEX GROUP PLC

2. Name of shareholder having a major interest

UBS Global Asset Management Life 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

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

Phildrew Nominees Limited a/c LF20

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

9th January 2004

12. Total holding following this notification

1,150,971

13. Total percentage holding of issued class following this notification

4.02%

14. Any additional information

UBS Global Asset Management Life Limited is a subsidiary of UBS Global Asset Management Holding (No.2) Ltd
which is also treated as having an interest in the shareholding disclosed above.

15. Name of contact and telephone number for queries

Mark Ashcroft - 01925 830101

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

Mark Ashcroft, Director and Company Secretary

Date of notification

9th 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.


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

HOLBBGDBDSGGGSC