Volex Group PLC
10 May 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Volex Group p.l.c.

2. Name of shareholder having a major interest

Unicorn Asset Management Limited

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

Non - Beneficial Interest

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

HSBC Global Nominees Ltd a/c Eaglet - 2,774,753 Shares

HSBC Global Nominees Ltd a/c - Unicorn Free Spirit - 561,590 Shares

HSBC Global Nominees Ltd a/c - Unicorn UK Smaller Companies - 330,956 Shares

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

1,121,000 shares sold by Eaglet Investment Trust plc

221,250 shares sold by Unicorn Investment Funds - Unicorn Free Spirit Fund

132,750 shares sold by Unicorn Investment Funds - Unicorn UK Smaller Fund

Total number of shares sold 1,475,000



8. Percentage of issued class

6.05%

9. Class of security

Ordinary 25p

10. Date of transaction

All sale transactions took place on 6th May 2005

11. Date company informed

9th May 2005

12. Total holding following this notification

3,667,299

13. Total percentage holding of issued class following this notification

12.41%

14. Any additional information

Interest arises from status as Investment Manager to the funds referred to below,

Eaglet Investment Trust plc - 2,774,753 shares

Unicorn Investment Funds - Unicorn Free Spirit -561,950 shares

Unicorn Investment Funds - Unicorn UK Smaller Companies - 330,956 shares

Please cross refer with announcement made on 9th May regarding the beneficial interest of Eaglet
Investment Trust plc

15. Name of contact and telephone number for queries

Mark Ashcroft

Director of Corporate Affairs & Company Secretary

01925 830101

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

Mark Ashcroft

Date of notification

10th May 2005

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