Holding(s) in Company

Victoria PLC
16 January 2008

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Victoria 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): (No)

3. Full name of person(s) subject to the notification obligation:

HSBC Global Custody Nominee (UK) Ltd

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

Fortress Finance Investment Inc.

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

11 January 2008

6. Date on which issuer notified:

14 January 2008

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

above 10%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                         transaction
                                          Number of       Number of voting
                                          shares          Rights

GB0009290080                               685,000            685,000

Resulting situation after the triggering transaction

Class/type of shares if          Number of     Number of voting      % of voting
possible using the ISIN CODE      shares            rights              rights

                                Direct     Direct     Indirect Direct   Indirect

GB0009290080                   695,000    695,000              10.01%

B: Financial Instruments
Resulting situation after the triggering transaction

Type of       Expiration    Exercise/        Number of voting rights that may        % of
financial     Date          Conversion       be acquired if the instrument is        voting
instrument                  Period/ Date     exercised/ converted.                   rights

Total (A+B)

Number of voting rights                      % of voting rights

      695,000                                     10.01%

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

Proxy Voting:

10. Name of the proxy holder:

N/A

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

N/A

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

N/A

13. Additional information:

N/A

14. Contact name:

Beat Bass, HSBC Guyerzeller Bank AG

15. Contact telephone number:

0041 58 206 77 41

ANNEX Notification of Major Interests in Shares

A: Identity of the person or legal entity subject to the notification obligation

Full name (including legal form for legal entities)

Contact address (registered office for legal entities)

Phone number

Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

HSBC Guyerzeller Bank AG Beat Bass

Contact address

Genferstrasse 8, 8027 Zurich, Switzerland

Phone number

0041 58 206 77 41

Other useful information (e.g. functional relationship with the person or legal
entity subject to the notification obligation)

16. Company contact name:

Terry Danks, Victoria PLC, Company Secretary

17. Contact telephone number:

01562 749300





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