Volex Group PLC
21 January 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

VOLEX GROUP PLC

2. Name of shareholder having a major interest

Royal Mail Pensions Trustees Limited, Possfund Custodian Trustee 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

Shareholders 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

PossFund Nominees Limited

5. Number of shares / amount of stock acquired

Not Applicable

6. Percentage of issued class

Not Applicable

7. Number of shares / amount of stock disposed

Not Disclosed - disposal noted

8. Percentage of issued class

Not Disclosed

9. Class of security

Ordinary 25p

10. Date of transaction

Not Disclosed

11. Date company informed

21st January 2005

12. Total holding following this notification

1,005,769

13. Total percentage holding of issued class following this notification

3.405%

14. Any additional information

Two notifications have been received today; the first notification confirmed the
holding as at 19th January was 1,228,309 shares and the second notification
confirmed the holding as at 20th January 2005 was 1,005,769 shares.

Please cross-refer with the announcement made today relating to the increase in
non-material interest of

The Trustees of the BT Pension Scheme, Hermes Investment Management Limited and
Hermes Pensions Management Limited.

15. Name of contact and telephone number for queries

Mark Ashcroft
Director and Company Secretary
01925 830101

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

Mark Ashcroft

Date of notification

21st January 2005

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