Volex Group PLC
29 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:



An event changing the breakdown of voting rights:



Other (please specify)





3.                Full name of the person(s) subject to the notification
obligation:



     GOLDENPEAKS ACTIVE VALUE LIMITED
     GOLDENPEAKS ACTIVE VALUE MASTER FUND LIMITED
     GOLDENPEAKS CAPITAL MANAGEMENT LIMITED
     ALTAMIRA HOLDING AG
     MR ADRIANO AGOSTI
 




4.                Full name of shareholder(s) (if different from 3.):



GOLDMAN SACHS INTERNATIONAL     



5.                Date of the transaction and date on which the threshold is
crossed or reached:



23 MAY 2007



6.                Date on which issuer notified:



25 MAY 2007



7.                Threshold(s) that is/are crossed or reached:



8%



8.                Notified details:



A:        Voting rights attached to shares


Class /type of      Situation Previous to  Resulting situation after the Triggering Transaction
shares              the Triggering
                    Transaction

If possible using   Number of  Number of   Number      Number of   voting     % of voting Rights
the ISIN CODE       Shares     voting       of         Rightsix
                               Rightsviii  shares
                                           

                                                       Directxi  Indirect     Direct   Indirect


GB0009390070        4,300,000  4,300,000   4,535,000   -         4,535,000    -        8.01%




B:        Financial Instruments:



 Resulting situation after the triggering transactionxii


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


                              4,535,000                                 8.01%



9.                Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if applicable xv



GOLDENPEAKS ACTIVE VALUE LIMITED IS A PARENT UNDERTAKING OF GOLDENPEAKS ACTIVE
VALUE MASTER FUND LIMITED.



ALTAMIRA HOLDING AG IS A PARENT UNDERTAKING OF GOLDENPEAKS CAPITAL MANAGEMENT
LIMITED AND MR ADRIANO AGOSTI IS A PARENT UNDERTAKING OF ALTAMIRA HOLDING AG.



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





14.             Contact name:



wendy tate

company secretary



15.             Contact telephone number:



01925 830101

END



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