AGM Statement

Victrex PLC
23 January 2001



23 January 2001

                                 Victrex plc

                                AGM Statement


At the Annual General Meeting of Victrex plc held today, Chairman Peter Warry
made the following statement:


'Despite global economic growth showing signs of a slowdown, our strong start
to the current financial year (which I referred to in our preliminary results
announcement) has continued, with volume growth exceeding expectations.


Building our business for the future is the essence of our strategy, so I am
particularly pleased to note the formation of the Victrex/Ballard Ionomer
Alliance to develop and manufacture ionomers for use in membranes for Ballard
(R) fuel cells.  This exciting alliance greatly enhances the prospects for the
membrane materials that we have developed and leverages Victrex's skill in
manufacturing with Ballard's fuel cell expertise.  We look forward to a
mutually beneficial long-term relationship.'


                                   - End -


Enquiries

Victrex plc                              0207 357 9477 (23 January 2001)
                                         01253 897700 (thereafter)
David Hummel, Chief Executive
Michael Peacock, Finance Director

Hogarth Partnership Limited              0207 357 9477

Nick Denton / Nick Lockwood