Holding in Company

Elementis PLC
25 October 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

     23 OCT 2000

11)  Date company informed

     24 OCT 2000

12)  Total holding following this notification

     61,784,922 ORDINARY SHARES OF 5P
               
13)  Total percentage holding of issued class following this notification

     14.32%

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 ...25 OCT 2000........


LETTER TO: ELEMENTIS PLC

LETTER DATED 24 OCTOBER 2000


S.198 Companies Act - Disclosure of Shares 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 in the schedule below.


LETTER FROM: FRANKLIN RESOURCES, INC.

                                 SCHEDULE
                                ELEMENTIS PLC
                                

Registered Holder                       No. of Shares               % of Class

Chase Nominees Ltd                         55,561,882                 12.8776% 

Bankers Trust Company                         828,600                  0.1920% 

Northern Trust Company                        195,682                  0.0454%  

State Street Nominees Limited               2,445,000                  0.5667%

Bank of New York (BONY)                       627,958                  0.1455%

HSBC Bank                                   1,562,280                  0.3621%

Royal Trust Corporation of Canada             427,920                  0.0992%

Midland Bank PLC                              135,600                  0.0314%
                                                             
TOTAL                                      61,784,922                 14.3199%