Holding in Company

Victrex PLC
15 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

15/12/00

12)  Total holding following this notification

3,917,500
               
              
13)  Total percentage holding of issued class following this notification

4.98%

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 ...14TH DECEMBER 2000.



LETTER TO:  VICTREX PLC 

Dated 14 December 2000

VICTREX PLC (THE 'COMPANY')

This notification supersedes our previous notification to you dated 8 December
2000.

This notificatlon relates to issued ordinary shares of lp 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 Componies Act 1985 (the 'Act').

1.   Notification on behalf of Morley Fund Management Limited (a subsidiary of  
     CGNU plc).

1.1  Morley Fund 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 3,917,500 giving the CGNU group a total percentage interest in the
shares of 4.98%.

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: MORLEY FUND MANAGEMENT LIMITED

REGISTERED HOLDERS              NUMBER OF SHARES HELD

Chase GA Group Nominees Ltd     1,742,718 (material)

Chase GA Pension Nominees Ltd     106,500 (material)

CUIM Nominee Ltd                  358,000 (material)


TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED: 2.81 %

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         1,710,282 (material)

Chaise GA Group Nominees Limilled          1,742,718 (material)

Chase GA Pension Nominees Limited            108,500 (material)

CUIM Nominee Limited                         358,000 (material)


TOTAL PERCENTAGE INTEREST OF CGNU PLC: 4.98%

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION 15 BASED: 78,595,396