Volex Group PLC
17 August 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 FLEDGLING TRUST PLC

      GARTMORE GROWTH OPPORTUNITIES PLC

      STRATHCLYDE PEnSION FUND



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



15 August 2007



2.    Date on which issuer notified:



17 August 2007



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



Below 5%





4.    Notified details:



A:    Voting rights attached to shares


Class /type of       Situation Previous to the  Resulting situation after the Triggering Transaction
shares               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         2,900,000     2,900,000    2,425,405    -         2,425,405   -        4.268%




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


       2,425,405                                4.268%




5.    Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if applicable xv
not applicable



Proxy Voting:



6.    Name of the proxy holder:



not applicable



7.    Number of voting rights proxy holder will cease to hold:



not applicAble



8.    Date on which proxy holder will cease to hold voting rights:



not applicable



9.   Additional information



all shares are held indirectly.



10.   Contact name:



Wendy Tate

Company Secretary



11.  Contact telephone number:



01925 830101

END












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