Director Shareholding

IMI PLC
02 April 2003

JO'S/WKAH

2 April 2003



The Secretary

Company Announcements Office

UK Listing Authority

The Stock Exchange



Dear Sir

In accordance with Section 329 of the Companies Act 1985, I hereby notify you
that we have been advised today that on 28 March 2003, Mr M J Lamb, a Director
of this Company sold 4,275 IMI Ordinary Shares held in an ISA @ 262.5p per share
and effected the purchase in an ISA on 2 April 2003 of 4,227 IMI Ordinary Shares
at 262.75p per share.

Yours faithfully

John O'Shea
IMI Company Secretary/Solicitor

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