Holding in Company

Victrex PLC
29 October 2001



                  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.

CGNU ( SEE BELOW)


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed


775,263

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY 1P SHARES


10)  Date of transaction

24.10.01


11)  Date company informed

29.10.01


12)  Total holding following this notification

2,598,245

               
13)  Total percentage holding of issued class following this notification

3.27%


14)  Any additional information



15)  Name of contact and telephone number for queries

GARY HULME
01253 897725


16)  Name and signature of authorised company official responsible for 
     making this notification


     Date of Notification ...29 OCTOBER 2001.....................


Letter to Victrex plc
25 October 2001

VICTREX PLC (THE 'COMPANY') -SEDOL 0929224

This notification supersedes our previous notification to you dated 15 February 
2001 and is prompted by sales totalling 775,263 on 24 October 2001.

This notification relates to issued ordinary shares of GBP0.01 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 Companies Act 1985 (the 
'Act').

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

1.1   We hereby notify you on behalf of Morley Fund Management Limited that     
      immediately after the time when the obligation to make this notification 
      arose Morley Fund Management Limited were interested in 2,598,245 shares.

1.2   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: Morley Fund Management Limited.

2.    Notification on behalf of CGNU plc.

2.1   We hereby notify you on behalf of CGNU plc that immediately after the time
      when the obligation to make this notification arose CGNU plc were 
      interested in 2,598,245 shares giving the CGNU group a total percentage 
      interest in the shares of 3.27%.

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: CGNU plc.

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.

From:  Margaret Watts 
       for and on behalf of
       CGNU plc



APPENDIX: MORLEY FUND MANAGEMENT LIMITED           25 OCTOBER 2001

REGISTERED HOLDERS                             NUMBER OF SHARES HELD

BNY Norwich Union Nominees Ltd                  960,908   (Material) 

Chase GA Group Nominees Ltd                     991,876   (Material) 

CUIM Nominee Ltd                                645,461   (Material)

TOTAL PERCENTAGE INTEREST OF MORLEY FUND MANAGEMENT LIMITED: 3.27% 

ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 79,430,012

APPENDIX: CGNU PLC                                    25 OCTOBER 2001

REGISTERED HOLDERS                              NUMBER OF SHARES HELD

BNY NORWICH UNION NOMINEES LTD                   960,908   (Material)

CHASE GA GROUP NOMINEES LTD                      991,876   (Material)

CUIM NOMINEE LTD                                 645,461   (Material)

TOTAL PERCENTAGE INTEREST OF CGNU PLC  : 3.27%
ISSUED SHARE CAPITAL ON WHICH THIS NOTIFICATION IS BASED: 79,430,012