Re Statement of Objections

IMI PLC
02 September 2003



Embargoed until 0700                                            2 September 2003

                                  ANNOUNCEMENT

                          RE: STATEMENT OF OBJECTIONS


As reported in our press release dated 23 March 2001, the European Commission
visited various European manufacturers of copper tube and fittings, including
IMI, in the course of investigations for evidence of any anti-competitive
behaviour in the copper plumbing tube and fittings markets. In respect of copper
plumbing tube, we have received a Statement of Objections from the Commission
setting out complaints of alleged anti-competitive practices among a number of
parties, including IMI. The investigation in respect of copper plumbing fittings
is continuing but no Statement of Objections has yet been received. We continue
to co-operate with the Commission in respect of both investigations. IMI
disposed of its copper plumbing tube and fittings businesses during 2002 but
retains responsibility for these investigations.

                                    - End -


For further information contact:

IMI plc
Graham Truscott, Communications Director                      Tel: [phone]

Weber Shandwick Square Mile
Nick Oborne, Peter Corbin                                     Tel: [phone]

Information about IMI plc can be found on the website: www.imiplc.com


Note to Editors:

IMI plc is a dynamic international engineering business specialising in
innovative solutions and services for a wide range of industrial and retail
customers. Its future growth is being built on the two business areas of Fluid
Controls and Retail Dispense.

IMI's operations in these two business areas share the following core
characteristics: strong market positions in growing markets; the ability to be
clearly differentiated from their competitors through technological innovation
or after-sales service; and the provision of 'added value' through bespoke
solutions rather than a high manufacturing or material content.

IMI is quoted on the London Stock Exchange and is capitalised at approximately
£1.2 billion.



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