Director Shareholding

IMI PLC
04 March 2004

3 March 2004



The Secretary

The Stock Exchange



Dear Sir

Regulatory Announcement - Pursuant to Listing Rule 16.4

Mr D C Nicholas who became a director of IMI plc on 1 March 2004 was interested
in 642 IMI shares at the date of appointment.


Yours faithfully


John O'Shea

IMI Company Secretary




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