Holding in Company

Victrex PLC
11 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

VICTREX PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

CGNU PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY 1p SHARES

10)  Date of transaction



11)  Date company informed

11/12/00

12)  Total holding following this notification

4,553,500
               
             
13)  Total percentage holding of issued class following this notification

5.79%

14)  Any additional information

SEE BELOW

15)  Name of contact and telephone number for queries

J LITTLEWOOD
01253 897724

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification .....11th DECEMBER 2000.....



LETTER TO:  VICTREX PLC

Dated 8 December 2000


VICTREX PLC (THE 'COMPANY')

This notification supersedes our previous notification to you dated 16 October
2000.

This notification relates to issued ordinary shares of 1p each in the capital
of the Company (the 'shares') and is given in fulfilment of the obligations
imposed by sections 198 to 202 of the Companies Act 1985 (the 'Act').

1.  Notification on behalf of Norwich Union Investment Management Limited (a
    subsidiary of CGNU plc).

1.1 Norwich Union Investment Management limited no longer have a notifiable
    interest in the shares.

2.  Notification on behalf of CGNU plc.

2.1 We hereby notify you that the aggregate total holding of CGNU plc in the
    shares is 4,553,500 giving the CGNU group a total percentage interest in    
   the shares of 5.79%.

2.2 The identity of the registered holders of the shares to which this          
   notification relates and the number of shares held by each of them are set   
  out in the Appendix below.

We are only required to notify interests which are defined as material interests
when the holding is equal to 3% or more of the Company's relevant share capital.
The term material interests exclude certain categories where we do not hold a
beneficial interest, for example where the shares are held in an Authorised Unit
Trust Scheme or Open Ended Investment Company. Holdings in those categories are
therefore not included in the holding notified under this letter. 

LETTER FROM:  CGNU PLC



APPENDIX: NORWICH UNION INVESTMENT MANAGEMENT LIMITED

REGISTERED HOLDERS                         NUMBER OF SHARES HELD

BNY Norwich Union Nominees Limited         2,020,282 (material)


TOTAL PERCENTAGE INTEREST OF NORWICH UNION INVESTMENT MANAGEMENT LIMITED: 2.57%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED:  78,595,396



APPENDIX: CGNU PLC

REGISTERED HOLDERS                              NUMBER OF SHARES HELD

BNY Norwich Union Nominees Limited              2,020,282 (material)

Chase GA Group Nominees Limited                 1,966,718 (material)

Chase GA Pension Nominees Limited                 129,500 (material)

CUIM Nominee Limited                              437,000 (material)


TOTAL PERCENTAGE INTEREST OF CGNU PLC: 5.79%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 78,595,396