Holding in Company

Elementis PLC
8 December 2000


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ELEMENTIS PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FRANKLIN RESOURCES INC


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.

PLEASE SEE BELOW


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

PLEASE SEE BELOW


8)   (N/A%) of issued Class

9)   Class of security

ORDINARY SHARES OF 5P 


10)  Date of transaction

7 DECEMBER 2000


11)  Date company informed

8 DECEMBER 2000


12)  Total holding following this notification
               
59,582,922 ORDINARY SHARES OF 5P
               
              
13)  Total percentage holding of issued class following this notification

13.81%


14)  Any additional information



15)  Name of contact and telephone number for queries

KERIN WILLIAMS
0207 398 1439


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

     Date of Notification     8 DECEMBER 2000


Letter To:     Elementis Plc
Letter Dated:  7 December 2000

S198 Companies Act - Disclosure of Share Interests

We are acting on behalf of Franklin Resources, Inc. and its affiliates, which
includes Franklin Mutual Advisers, LLC and Templeton Worldwide, Inc. and its
affiliates. Franklin Resources, Inc. and its affiliates perform investment
management and advisory services for clients on a global basis.

We wish to advise you of interests in the share capital of your Company under
management of Franklin Resources, Inc. and its affiliates on behalf of clients,
as detailed on the schedule below.

Letter From:   Franklin Resources, Inc.



                                  SCHEDULE

                                Elementis plc

                                Outstanding Shares            431,463,000

Registered Holder                  No. of Shares               % of Class

Chase Nominees Ltd                    55,406,882                 12.8416%
Bankers Trust Company                    828,600                  0.1920%
Northern Trust Company                   195,682                  0.0454%
State Street Nominees Limited            561,200                  0.1301%
Bank of New York (BONY)                  627,958                  0.1455%
HSBC Bank                              1,562,280                  0.3621%
Royal Trust Corporation of Canada        264,720                  0.0614%
Midland Bank PLC                         135,600                  0.0314%

TOTAL                                 59,582,922                 13.8095%