+---------------------------------------------------------------+
| TR-1: notification of major interests in shares |
+---------------------------------------------------------------+
+-------------------------------------------------------------------+
| 1. Identity of the issuer or the | Elementis plc |
| underlying issuer of existing shares | |
| to which voting rights are attached: | |
|-------------------------------------------------------------------|
| 2. Reason for the notification (please tick the appropriate |
| box or boxes) |
|-------------------------------------------------------------------|
| An acquisition or disposal of voting rights | Yes |
|--------------------------------------------------------+----------|
| An acquisition or disposal of financial instruments | |
| which may result in the acquisition of shares already | |
| issued to which voting rights are attached | |
|--------------------------------------------------------+----------|
| An event changing the breakdown of voting rights | |
|--------------------------------------------------------+----------|
| Other (please specify): | |
|-------------------------------------------------------------------|
| 3. Full name of person(s) subject to | Prudential plc group of |
| the notification obligation: | companies |
|----------------------------------------+--------------------------|
| 4. Full name of shareholder(s) (if | - |
| different from 3): | |
|----------------------------------------+--------------------------|
| 5. Date of the transaction (and date | 25 March 2009 |
| on which the threshold is crossed or | |
| reached if different): | |
|----------------------------------------+--------------------------|
| 6. Date on which issuer notified: | 26 March 2009 |
|----------------------------------------+--------------------------|
| 7. Threshold(s) that is/are crossed or | See Item 13 |
| reached: | |
|-------------------------------------------------------------------|
| 8. Notified details: |
+-------------------------------------------------------------------+
+------------------------------------------------------------------------------------------------+
|A: Voting rights attached to shares |
|------------------------------------------------------------------------------------------------|
|Class/type of |Situation previous to the |Resulting situation after the triggering |
|shares |Triggering transaction |transaction |
|(if possible |-------------------------------+-------------------------------------------------|
|using the ISIN|Number of Shares |Number of |Number |Number of voting |% of voting rights |
|CODE) | |Voting Rights|of |rights ix | |
| | |viii |shares | | |
| | | |--------+--------------------+-------------------|
| | | |Direct |Direct x|Indirect |Direct |Indirect |
| | | | | |xi | | |
|--------------+-----------------+-------------+--------+---------+----------+--------+----------|
|GB0002418548 |22,404,561 |22,404,561 |Below 5%|Below 5% | |Below 5%| |
|------------------------------------------------------------------------------------------------|
|B: Financial Instruments |
|------------------------------------------------------------------------------------------------|
|Resulting situation after the triggering transaction xii |
|------------------------------------------------------------------------------------------------|
|Type of financial |Expiration date |Exercise/ |Number of voting rights |% of voting |
|instrument |xiii |Conversion |that may be acquired if |rights |
| | |Period/ Date |the instrument is | |
| | | |exercised/ converted. | |
|---------------------+-------------------+-------------+-------------------------+--------------|
|N/A |N/A |N/A |N/A |N/A |
+------------------------------------------------------------------------------------------------+
+-------------------------------------------------------------------+
| Total (A+B) |
|-------------------------------------------------------------------|
| Number of voting rights | % of voting rights |
|------------------------------------------+------------------------|
| Below 5% | Below 5% |
|-------------------------------------------------------------------|
| | 9. Chain of controlled undertakings through which the | |
| | voting rights and/or the financial instruments are | |
| | effectively held, if applicable: | |
|---+-----------------------------------------------------------+---|
| | | |
|---+-----------------------------------------------------------+---|
| | Proxy Voting: | |
|---+-----------------------------------------------------------+---|
| | 10. Name of the proxy holder: | N/A | |
|---+-----------------------------------------------+-----------+---|
| | 11. Number of voting rights proxy holder will | N/A | |
| | cease to hold: | | |
|---+-----------------------------------------------+-----------+---|
| | 12. Date on which proxy holder will cease to | N/A | |
| | hold voting rights: | | |
|---+-----------------------------------------------------------+---|
| | 13. Additional | We no longer have a notifiable | |
| | information: | interest. | |
|---+--------------------------+--------------------------------+---|
| | 14. Contact name: | Dipesh Varsani | |
| | | M&G Investment Management | |
| | | Limited | |
|---+--------------------------+--------------------------------+---|
| | 15. Contact telephone | 020 7548 3261 | |
| | number: | | |
|---+--------------------------+--------------------------------+---|
| | | | |
+-------------------------------------------------------------------+
This notification is made in accordance with Rule 5.8.12 R(1) of the
Disclosure and Transparency Rules sourcebook.
Wai Wong
Company Secretary
020 7408 9303
---END OF MESSAGE---
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