Holding in Company

Victrex PLC
8 November 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

VICTREX PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

EQUITABLE LIFE ASSURANCE

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.

SEE BELOW

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

3.11.00

11)  Date company informed

8.11.00

12)  Total holding following this notification

2,512,500
               
              
13)  Total percentage holding of issued class following this notification

3.19%

14)  Any additional information



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 ....8TH NOV 2000............................



LETTER TO:     VICTREX PLC
LETTER DATED:  3rd November 2000

Sections 198-202 Companies Act 1985 amended by Sections 134(1) to (3) of the
Companies Act 1989
Change in declaration obligation following transfer of shares from the
beneficial ownership of an Equitable Unit Trust (Formerly owned by HSBC Bank Plc
as Trustees) to a fund of an Open Ended Investment Company (A wholly owned
subsidiary of Equitable Investment Fund Managers Limited which in turn is a
wholly owned subsidiary of The Equitable Life Assurance Society)

We hereby notify you that, as a consequence of the transfer shares in your
company on 3rd November 2000, from an 'Equitable Unit Trust' to an 'Open Ended
Investment Company', as described above, we are obliged to notify you under the
provisions of the Companies Acts in respect of the change in our Group
declarable holding.

Please find below details of the transfer, resulting percentage holding and
holders details. 

Shares Transferred 962,500 from Equitable Smaller Companies Trust to Equitable
Smaller Companies Fund to be registered as HSBC Global Custody Nominee (UK)
Limited A/C888582.


Resultant Group Holding:-
The Equitable Life Assurance Society     1,550,000
Equitable Smaller Companies Fund           962,500
Total Holding                            2,512,500
Percentage of Issued Shares                  3.19%


LETTER FROM:   THE EQUITABLE LIFE ASSURANCE SOCIETY