RNS Number:5703U
Volex Group PLC
23 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

23rd January 2004


12. Total holding following this notification

1,050,971


13. Total percentage holding of issued class following this notification

3.76%


14. Any additional information

UBS Global Asset Management Life Ltd 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

23rd January 2004


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for loss of business or loss of profits) arising in contract, tort or otherwise
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