Holding(s) in Company

IMI PLC
05 May 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

Material interest



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

813,696



6. Percentage of issued class

0.23%



7. Number of shares / amount of stock disposed

-



8. Percentage of issued class

-



9. Class of security

Ordinary Shares



10. Date of transaction

30.04.04




11. Date company informed

03.05.04



12. Total holding following this notification

14,435,061



13. Total percentage holding of issued class following this notification

4.085%



14. Any additional information

Notification of a movement through a percentage point



15. Name of contact and telephone number for queries

Wanda Hart - 0121 717 3782



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

Paul Boulton, Deputy IMI Company Secretary



Date of notification

05.05.04



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