Holding(s) in Company

IMI PLC
16 March 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company


IMI plc



2. Name of shareholder having a major interest


Standard Life Investments



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


Stanlife Nominees Limited



5. Number of shares / amount of stock acquired


-



6. Percentage of issued class


-



7. Number of shares / amount of stock disposed


300,000



8. Percentage of issued class


0.08



9. Class of security


Ordinary Shares



10. Date of transaction


11 March 2004




11. Date company informed


12.03.04



12. Total holding following this notification


14,118,279



13. Total percentage holding of issued class following this notification


3.99%



14. Any additional information




15. Name of contact and telephone number for queries


John O'Shea, IMI Company Secretary.  0121 717 3780



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


W Hart - 0121 717 3782



Date of notification


16.03.04



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