Disposal

IMI PLC
13 November 2000

                                   IMI plc


                    £9 million IMI disposal in Australasia



IMI plc, the major international engineering group, today announces the sale
of its plumbing and heating fittings business in Australasia to the GSA Group,
based in Melbourne, Australia, for a cash consideration of approximately £9
million. Sales in 1999 were just over £15 million.


Barry Pointon, IMI Executive Director responsible for Hydronic Controls, said
'IMI believes this combination is in the best interest of both parties.'


The proceeds of the sale were paid in full on completion and will be
re-invested in IMI's businesses.



                                   - ends -




Enquiries:

IMI plc

Barry Pointon                                   Tel: [phone]

Issued by:

Shandwick International

Bobby Leach / Peter Corbin                         Tel: [phone]