AGM Statement

Victrex PLC
12 February 2002

12 February 2002



                                 Victrex plc

                                AGM Statement



At the Annual General Meeting of Victrex plc to be held today, Chairman Peter
Warry will make the following statement:

'As noted in our preliminary statement, sales for the first quarter were
impacted by global economic conditions.  However, we have seen demand increase
in the second quarter and current demand levels would translate to volume for
the year of around 1,200 tonnes with second half sales volume being greater than
the first half.

As well as seeing early signs of stronger core demand, we are commercialising
new applications at a similar rate to last year.  We have also continued to grow
our development pipeline beyond the record level reached at the end of last
year.

We are achieving better than expected gross margin improvement, principally as a
result of further operational efficiencies and a strong performance from
Invibio, our medical implant materials business.

Despite the current challenges caused by the world economy, we can see clear
indications of demand recovering and are confident in the Group's prospects.'

The Company's interim trading update for the six months to 30 March 2002 will be
issued on Tuesday 9 April 2002.



                                    - End -



Enquiries



Victrex plc



David Hummel, Chief Executive                 0207 357 9477 (12 February 2002)

Michael Peacock, Finance Director             01253 897700 (thereafter)



Hogarth Partnership Limited

Nick Denton / Tom Leatherbarrow               0207 357 9477



Victrex plc is an innovative, world-leading, high performance materials group.
It has manufacturing plants and research facilities in the UK, and sales and
distribution centres serving over 30 countries world-wide. It is the sole
manufacturer of PEEKa polymer.

PEEKa polymer is a high performance thermoplastic with a unique combination of
properties, which include exceptional chemical, wear, electrical and temperature
resistance, as well as dimensional stability and numerous processing
capabilities. These properties enable engineers to produce cost-effective
designs for critical applications in such diverse markets as the industrial,
automotive, electronics, aerospace, medical and food sectors.







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