Corporate Action

Elementis PLC
21 March 2002

ISSUE OF REDEEMABLE 'B' SHARES
SECURITY TITLE
*Ord Shs
MNEMONIC CODE        *ELM
SEDOL CODE           *241-854
TERMS                *1 Redeemable 'B' Share for each Ordinary Share held
DEALINGS COMMENCE NEW SHARES *02-05-02
PROVISIONAL EX DATE  *02-05-02
RECORD DATE          *26-04-02
NOTES *






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