Director Shareholding

IMI PLC
25 September 2001

Letter to Company Announcements Office

In accordance with Section 329 of the Companies Act 1985, I hereby notify you 
that after close of dealing on 24th September 2001, each of the following 
Directors of this Company acquired a beneficial interest in the number of new
Ordinary shares of 25p in IMI plc shown against his name, namely options granted
under the IMI Executive Share Option (1995) Scheme at a subscription price of 
214.4p.

                                          Ordinary shares
                                            at 25p each

M J LAMB                                   472,500
R P POINTON                                234,000
T J SLACK                                  234,000

Letter from IMI plc