Director Shareholding

IMI PLC
08 April 2003


8 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 the following Directors of this Company have been granted options today
under the IMI SAYE Share Option (1994) Scheme (the consideration for the grant
of the options being entry into savings contracts under the Scheme), in respect
of the number of Ordinary Shares of 25p each in IMI plc and at the subscription
price set out below.


     Director          Number of Shares     Price Per Share


     Mr M J Lamb          4,980                    201p

     Mr T J Slack           865                    201p



 Yours faithfully



John O'Shea

IMI Company Secretary/Solicitor




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