Holding(s) in Company

IMI PLC
4 March 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

IMI plc


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

AXA Investment Managers UK Limited


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.

Please see below

5)   Number of shares/amount of stock acquired.

     13,909,930

6)   ( 3.95% ) 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


11)  Date company informed

4.3.03


12)  Total holding following this notification

13,909,930
          
     
13)  Total percentage holding of issued class following this notification

3.95%


14)  Any additional information

-


15)  Name of contact and telephone number for queries

John O'Shea
0121 356 4848


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

     Date of Notification ....4.3.03.....


Beneficial Interest

Name of the Company/Fund                               Number of Shares

Sun Life Pensions Management Ltd                           680,264
Sun Life Pensions Management Ltd                         1,176,043
Sun Life Pensions Management Ltd                         3,530,496
Sun Life Assurance Society Plc                           2,258,920
Sun Life Unit Assurance Ltd                              1,331,545
Sun Life Pensions Management Ltd                            21,630
Sun Life Pensions Management Ltd                            73,200
AXA Sun Life plc                                         4,837,832

                         Total                          13,909,930



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