Holding in Company

Elementis PLC
15 October 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. 

     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

     10 OCTOBER 2001 

11)  Date company informed

     11 OCTOBER 2001 

12)  Total holding following this notification

     25,100,651
                
13)  Total percentage holding of issued class following this notification 

     5.82% 

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 ..15 OCTOBER 2001...............



Letter to Elementis Plc 
10 October, 2001 


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.

Letter From Franklin Resources, Inc. 


                                   SCHEDULE 


                                 Elementis plc

                               Outstanding Shares              431,463,000


Registered Holder             No. of Shares                     % of Class


Chase Nominees Ltd               24,725,499                        5.7306%
  
Bankers Trust Company               281,341                        0.0652%
  
Royal Trust Corporation of
Canada LONDON                        58,759                        0.0136%
  
Clydesdale Bank Plc                  35,052                        0.0081%

TOTAL                            25,100,651                        5.8176%