Holding in Company

IMI PLC
11 December 2001



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     IMI PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LEGAL AND GENERAL INVESTMENT MANAGEMENT LTD

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)   ( %) of issued Class

7)   Number of shares/amount of stock disposed

     160,000

8)   (  %) of issued Class

9)   Class of security

     ORDINARY SHARES
     
10)  Date of transaction

     7.12.01

11)  Date company informed

     11.12.01

12)  Total holding following this notification

     10,385,109
               
13)  Total percentage holding of issued class following this notification

     2.95%

14)  Any additional information

     LEGAL AND GENERAL HAVE NOTIFIED THE COMPANY THAT THEIR INTEREST HAS NOW    
      FALLEN BELOW 3%

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 11.12.01

Material Interest
-----------------
HSBC Global Custody Nominee (UK) Ltd A/c 886615         317,778 
HSBC Global Custody Nominee (UK) Ltd A/c 886603         710,000 
HSBC Global Custody Nominee (UK) Ltd A/c 775245       1,613,778 
HSBC Global Custody Nominee (UK) Ltd A/c 754612         350,000 
HSBC Global Custody Nominee (UK) Ltd A/c 766793          10,000 
HSBC Global Custody Nominee (UK) Ltd A/c 360509         218,642 
HSBC Global Custody Nominee (UK) Ltd A/c 357206       6,904,911 
HSBC Global Custody Nominee (UK) Ltd A/c 866203         260,000
                                                     ----------    ----
                                                     10,385,109    2.95%
                                                     ===========   ====