Holding in Company

Victrex PLC
3 August 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

      AS 2

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

      MORLEY FUND MGMT LTD 2,410,550
      NORWICH UNION INV MGMT LTD 3,407,250

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

     31.7.2000

11)  Date company informed

      3.8.2000

12)  Total holding following this notification

      5,817,800
               
              
13)  Total percentage holding of issued class following this notification

       7.4%

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 ..3.8.2000.....


LETTER TO: VICTREX PLC
1 August 2000

Section 198 to 202 Companies Act 1985
Notifiable Interest in Shares - VICTREX ORD GBP0.01 (Sedol 0929224)

Following the recent merger of CGU plc and Norwich Union plc, a centralised
global reporting unit has been established.  This unit will make disclosures as
required by Section 198 to 202 of the Companies Act 1985 on behalf of CGNU plc
and its subsidiaries.

We hereby notify you that CGNU plc and certain of its subsidiaries has the
following notifiable interest:-

CGNU plc:  ASSET MANAGEMENT COMPANIES                         HOLDING

Morley Fund Management Limited                                2,410,550
Norwich Union Investment Management Limited                   3,407,250

TOTAL CGNU plc HOLDING:                                       5,817,800

TOTAL PERCENTAGE INTEREST:                                          7.4%

ISSUED SHARE CAPITAL:                                        78,543,337

The above information was confirmed as correct as at 31st July 2000.


LETTER FROM: CGNU