Volex Group PLC 09 May 2007 TR-l: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii): VOLEX GROUP PLC 2. Reason for the notification: (please state Yes/No): An acquisition or disposal of voting rights: YES An acquisition or disposal of financial instruments, which may result in the acquisition of shares already issued to which voting rights are attached: NO An event changing the breakdown of voting rights: NO Other (please specify) 3. Full name of the person(s) subject to the notification obligation: GARTMORE INVESTMENT LIMITED 4. Full name of shareholder(s) (if different from 3.): GARTMORE FUND MANAGERS LTD A/C GARTMORE UK & IRISH SMALLER COMPANIES GARTMORE SMALLER COMPANIES TRUST PLC GARTMORE FLEDGLING TRUST PLC GARTMORE GROWTH OPPORTUNITIES PLC STRATHCLYDE PESION FUND GARTMORE GO C SHARE POOL 5. Date of the transaction and date on which the threshold is crossed or reached: 3 MAY 2007 6. Date on which issuer notified: 9 MAY 2007 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class /type of Situation Previous to Resulting situation after the Triggering shares the Triggering Transaction Transaction If possible using Number of Number of Number Number of voting % of voting Rights the Shares voting of Rights ix ISIN CODE Rights shares iii Directxi Indirect Direct Indirect GB0009390070 Below 5% Below 5% 2,900,000 - 2,900,000 - 5.113% B: Financial Instruments Resulting situation after the triggering transaction xii Type of Expiration Date xiii Exercise Number of voting % of voting financial Conversion Period Rights that may be rights instrument /Date xiv Acquired if the instrument is exercised/converted. - - - - - Total (A+B) Number of voting rights % of voting rights 2,900,000 5.113% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv NOT APPLICABLE Proxy Voting: 10. Name of the proxy holder: NOT APPLICABLE 11. Number of voting rights proxy holder will cease to hold: NOT APPLICABLE 12. Date on which proxy holder will cease to hold voting rights: NOT APPLICABLE 13. Additional information ALL SHARES ARE HELD INDIRECTLY. THE INFORMATION SUPPLIED IS BASED ON AN ISSUED SHARE CAPITAL OF 56,713,781 SHARES 14. Contact name: WENDY TATE COMPANY SECRETARY 15. Contact telephone number: 01925 830101 END This information is provided by RNS The company news service from the London Stock Exchange