Volex Group PLC
19 December 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 (acquisition)

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:



19 December 2007



6.                Date on which issuer notified:



19 DECEMBER 2007



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



12.00%



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                            voting
                    Shares                  of         Rightsix
ISIN CODE                      Rightsviii
                                           shares
                                                       Directxi  Indirect     Direct   Indirect

GB0009390070        6,270,000  6,270,000   6,860,000   -         6,860,000    -        12.00%






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

                              6,860,000                                12.00%













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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