Holding in Company

Victrex PLC
5 March 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     VICTREX PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     THE EQUITABLE LIFE ASSURANCE SOCIETY

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

     AS IN 2 ABOVE

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

     SEE LETTER 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

     1/3/01

11)  Date company informed

     5/3/01

12)  Total holding following this notification

     2,050,000
              
13)  Total percentage holding of issued class following this notification

     2.60%

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 ..5th MARCH 2001


LETTER TO VICTREX PLC

Sections 198 - 202 Companies Act 1985 amended by Sections 134(1) to (3) of the
Companies Act 1989

We write to advise that following the sale of certain assets by The Society to
Halifax Group Plc which became effective on 1st March 2001 our obligations to
make declarations under the above legislation regarding The Society's
shareholding in your company has changed.  Accordingly this letter provides
details of the change and the current declarable position.

Declarable Shareholding 28th February 2001    2,887,500   3.66% of issued shares

*Less held by Equitable Smaller Companies Fund
(registered as HSBC Global Custody Nominee
  (UK) Limited Account 888582                   837,500

Declarable Shareholding 1st March 2001        2,050,000  2.60% of issued shares

This holding has now fallen below the declarable level

* Sale of Equitable Investment Fund Managers Limited the OEIC fund manager and
sole director to Halifax Group Plc.


FROM THE EQUITABLE LIFE ASSURANCE SOCIETY