Volex Regulatory News (VLX)

NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

VOLEX GROUP PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to thenotification obligation: iii

(1) GoldenPeaks Active Value Limited

(2) GoldenPeaks Active Value Master Fund Limited

(3)GoldenPeaks Capital Management Limited

(4) Altamira Holding AG

(5) Mr Adriano Agosti

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

Credit Suisse

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

17 November 2010

6. Date on which issuer notified:

19 November 2010

7. Threshold(s) that is/are crossed orreached: vi, vii

18%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0009390070

10'813'454

10'813'454

0

0

10'541'454

0

17.08%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10'541'454

17.08%

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

GoldenPeaks Active Value Limited is a parent undertaking of GoldenPeaks Active Value Master Funds 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:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Ivano Rizzuto

ir@goldenpeakscapital.com

15. Contact telephone number:

+41 41 444 10 61