Holding(s) in Company

Victoria PLC
14 March 2007



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: No

    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): Renotification of holding under Transitional 
    Provision 7 of the Disclosure and Transparency Rules


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

    Small Companies Dividend Trust plc


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

    HSBC Global Custody Nominees Limited


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

    N/A - Re-notification under Transitional Provision 7 of the Disclosure and
    Transparency Rules.


6.  Date on which issuer notified:

    14 March 2007


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

    4%


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

Ordinary Shares                           Number of       Number of voting
                                          shares          Rights

GB0009290080                              300,000         300,000




Resulting situation after the triggering transaction

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

Ordinary Shares                    Direct      Direct Indirect   Direct Indirect

GB0009290080                       Nil         Nil    300,000    Nil    4.321%




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

N/A         N/A        N/A           N/A                                N/A



Total (A+B)
Number of voting rights              % of voting rights

300,000                              4.321%


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

    N/A


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:

    None


14. Contact name:

    Terry Danks, Company Secretary, Victoria PLC


15. Contact telephone number:

    01562 749300



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