Victrex Regulatory News (VCT)

31 January 2014

Victrex PLC("the Company")

Directorate Change - Confirmation of future payments

Further to our announcement of 7th November 2013 and our 2013 Annual Report & Accounts, Victrex plc confirms the following details in relation to future payments to Steve Barrow, who steps down from the Board of Victrex today:

· a payment of salary in lieu of notice will be payable to reflect the unexpired portion of the 12 month notice period, which commenced on 7 November 2013. Based on a cessation date of 31 May 2014 the payment, which is subject to mitigation in the event of alternative employment, will be £107,862. This amount will be paid on or before 30 May 2014 as a lump sum;

· there will be no entitlement to an annual bonus or long-term incentive award for the 2014 financial year;

· from 10th February, he will become a deferred member of the pension scheme and will receive a payment equivalent to the employer contribution until his date of departure on 31 May 2014. In addition, he will continue to receive the existing pension supplement until this date;

· the treatment of long-term incentive awards which were unvested at the time of the 7th November 2013 announcement is as follows:

* Default treatment under the plan rules

** Good leaver treatment applied given the performance period has been completed

Further details in respect of the number and value of shares received under the long-term incentive awards will be disclosed in future remuneration reports.

Contact:

Suzana Koncarevic

General Counsel and Company Secretary

+ 44 (0) 1253 898 067