VCP Victoria Plc

RNS Number:7665I
Victoria PLC
10 April 2000


VICTORIA PLC
UPDATE ON PROPERTY DISPOSALS


Victoria PLC announces that the sale of its Castle Works site for #500,000
(Book value #271,000) was successfully completed on 31 March 2000.

Furthermore, the company is pleased to advise that the contract for the sale
of its Green Street property for #3 million (Book value #0.75 million) has
been declared unconditional and it is expected that completion will take place
on 25 April 2000.

It remains the Group's current intention to declare a special dividend to 
shareholders of 15p per share following receipt of the proceeds of the
disposal of the Green Street property.

Commenting on the property transactions, Alan Bullock, Group Managing
Director,     Victoria PLC said:

"The conclusion of these two sales completes the integration of the Group's UK
carpet manufacturing operations on to one purpose-built site.

The additional operating efficiencies arising from this consolidation, coupled
with the benefits flowing from the Group's ongoing investment in
state-of-the-art plant and equipment, will ensure that the Group maintains and
enhances its leading position as a cost-efficient manufacturer of high quality
carpets.

Enquiries:

Alan Bullock
Group Managing Director
Victoria PLC
Tel: 01562 749640
Mobile: 07785 325701


END
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