Directors Shareholding - Replacement

IMI PLC
5 January 2000


The issuer has advised that the following alteration should be made to the
IMI PLC, Directors Shareholding announcement released today at 15:23 under
RNS No 3054D.

The Directors Shareholding should read:

2112 Ordinary shares and not 5491 Ordinary shares as previously shown.

The price should be 213 pence per share and not 280 pence per share as
previously shown. 

The full corrected version is shown below.

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Letter To Company Announcements Office

Pursuant to Section 329 of the Companies Act 1985 I hereby notify you that 
Mr M.J. Lamb, a Director of this Company, exercised an option today in respect
of 2112 Ordinary shares in IMI Plc under the IMI SAYE Share Option (1994)
Scheme.  The subscription price was 213 pence per share.

Letter From J O'Shea
            IMI Company Secretary