Director Shareholding

Victoria PLC
30 September 2004




Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Thursday 30 September 2004

                                                               Immediate Release

                       Victoria P.L.C. (or 'the Company')
                           Directors' Share Dealings


Victoria P.L.C. has been notified of the following dealings by Directors.

On 29 September 2004, the following Directors increased their holdings in the
Company's shares:


   •Mr I A Anton acquired 2,500 shares at 200 pence per share


   •Mr M S W Lee acquired 2,500 shares at 207 pence per share


   •Mr J A Duncan acquired 3,500 shares at 215 pence per share


Following these purchases, the number of shares held and the percentages of the
issued share capital that these represent are:


Mr I A Anton (beneficial)           79,275 shares                         1.14%

Mr I A Anton (non-beneficial)       80,000 shares              1.15% (unchanged)

Mr M S W Lee                        17,500 shares                         0.25%

Mr J A Duncan                       16,240 shares                         0.23%



Enquiries:
Mark Lee, Group Finance Director               Fiona Tooley/Katie Dale
Victoria P.L.C.                                Citigate Dewe Rogerson
Tel: [phone]                              Tel: [phone]
www.victoria.plc.uk
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