Director Shareholding

IMI PLC
25 March 2004



25 March 2004

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 after the close of dealing on 24 March 2004, each of the following
Directors of this Company received a grant of options over the number of new
shares shown against his name in accordance with the IMI Executive Share Option
(1995) Scheme at 358p per share.

          Director              Number of shares

Martin Lamb                         418,000

Trevor Slack                        173,000

David Nicholas                      156,000

Wayne Whitney                       156,000


Yours faithfully


J C Bower

Assistant Company Secretary


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