Holding in Company

Elementis PLC
31 July 2001

                  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.

     SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     SEE BELOW

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 5P

10)  Date of transaction

     30 JULY 2001

11)  Date company informed

     31 JULY 2001

12)  Total holding following this notification

      34,311,686
               
              
13)  Total percentage holding of issued class following this notification

     7.9524%

14)  Any additional information



15)  Name of contact and telephone number for queries

     KERIN WILLIAMS
     020 7398 1439

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

     Date of Notification 31 JULY 2001

Letter to Elementis PLC

S.198 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 in the schedule below.

If you have any questions regarding this disclosure, please contact Kristina
Perez at 954-527-7465 or Colleen Lightbourne at 954-527-7588. You may also
contact either individual by facsimile at 954-527-2160.
 
From Franklin Resources, Inc 

                                 SCHEDULE 
                              Elementis plc
                            Outstanding Shares                 431,463,000

Registered Holder              No. of Shares                   % of class

Chase Nominees Ltd               33,019,286                         7.6529%

Bankers Trust Company               468,600                         0.1086%

State Street Nominees Limited        78,200                         0.0181%

Royal Trust Corporation of Canada   124,720                         0.0289%

Clydesdale Bank Plc                 620,880                         0.1439%

TOTAL                            34,311,686                         7.9524%