Holding in Company

IMI PLC
1 February 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     IMI plc

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     AXA Investment Managers

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     Beneficial

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     See below

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     522,948

8)   (0.15%) of issued Class

9)   Class of security

     Ordinary Shares

10)  Date of transaction

     26.01.01

11)  Date company informed

     31.01.01

12)  Total holding following this notification

     20,797,183
               
              
13)  Total percentage holding of issued class following this notification

     5.92

14)  Any additional information



15)  Name of contact and telephone number for queries

     John O'Shea:   0121 356 4848 Ext. 4354

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification: 1 February 2001


                             AXA Investment Managers

Registered Owner                                       Number of Shares

Sun Life Pensions Management Ltd                         13,575,050
AXA Equity & Law Life Assurance Society plc               7,222,133

Total                                                    20,797,183