Holding in Company

Elementis PLC
7 November 2001

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ELEMENTIS PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

SCHRODER INVESTMENT MANAGEMENT LIMITED


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.

SEE BELOW



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 5P


10)  Date of transaction

07 NOV 2001


11)  Date company informed

07 NOV 2001


12)  Total holding following this notification

43,527,674 ORDINARY SHARES OF 5P

               
13)  Total percentage holding of issued class following this notification

10.09%


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 .....07 NOV 2001...................



LETTER TO ELEMENTIS PLC

5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an 
interest in 40,527,674 shares which are held in portfolios managed by us on a 
discretionary basis for clients under investment management agreements.

Included in this figure are:-

(i)    1,267,200 shares registered or to be registered in the name of our       
       wholly-owned subsidiary nominee company, Schroder Nominees Limited       
       (Schroder Nominees),

(ii)    23,469,910 shares held in (a) unit trust(s) operated and managed by     
        another wholly-owned subsidiary, Schroder Unit Trusts Limited (SUTL),   
        and registered or to be registered in the name of Chase Nominee and,

(iii)   15,790,564 shares neither registered nor to be registered in the name of
        Schroder Nominees. The registration details are shown on the schedule   
        below.

An affiliated company, Schroder Investment Management North America Inc (SIMNA 
Inc), is managing a portfolio on a similar basis holding a further 3,000,000 
shares. This holding is registered or to be registered in the name of Chase 
Nominees Limited.

We believe that we, our subsidiary and affiliated company are therefore 
interested in an overall aggregate of 43,527,674 shares, representing some 
10.088% of the total number of shares in issue, namely 431,463,000.


This notification is made to you:-

(a) in respect of our interest as investment managers and also by virtue of the 
    fact that we are the parent company of SIMNA and SUTL,

(b) on behalf of SIMNA Inc and SUTL in relation to the interests they are       
    treated as having respectively under the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as having
    an interest in all of the above shares under the Act by virtue of its       
    ownership of SIMNA Inc and ourselves.

 
                                10P ORDINARY SHARES 
                                      SCHEDULE

REGISTRATION                                               AMOUNT

CHASE NOMINEES LIMITED                                    2,490,000 
NORTRUST NOMINEES LIMITED a/c: BOCPF                      1,484,600 
IMPERIAL PENSIONS NOMINEES LIMITED                        3,207,036 
MINEWORKERS' PENSION SCHEME a/c: R                        2,762,374 
BRITISH COAL STAFF SUPERANNUATION a/c: P                  5,846,554 

                                                         15,790,564