Holding(s) in Company

IMI PLC
13 March 2003

                  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

N/A

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

N/A

5)   Number of shares/amount of stock acquired.

-

6)   ( - %) of issued Class

7)   Number of shares/amount of stock disposed

-

8)   ( - %) of issued Class

9)   Class of security

ORDINARY SHARES

10)  Date of transaction

12.3.03

11)  Date company informed

13.3.03

12)  Total holding following this notification

9,485,129
               
13)  Total percentage holding of issued class following this notification

2.69%

14)  Any additional information

AXA INVESTMENT MANAGERS 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 .... 13.3.03





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