Director Shareholding

Johnson,Matthey PLC
04 August 2003

DEALINGS BY DIRECTORS




Name of Company

Johnson Matthey PLC



Name of Director

(1) Mr C R N Clark

(2) Mr D W Morgan



Person with Holding(s)

as above



Registered Holder(s)

(1) Mr C R N Clark

(2) Mr D W Morgan



Connected Person(s)

n/a



Nature & Extent of transaction

(1)  Mr C R N Clark exercise of options over 41,379 shares

(2) Mr C R N Clark sale of 41,379 shares

(3) Mr D W Morgan exercise of options over 31,233 shares

(4) Mr D W Morgan sale of 31,233 shares



Number of shares/amount of stock acquired

(1) Mr C R N Clark 41,379 shares

(2) Mr D W Morgan 31,233 shares



Percentage of Issued Class

0.04%



Number of Shares/Amount of stock disposed of

(1) Mr C R N Clark                 41,379

(2) Mr D W Morgan                31,233



Percentage of issued class

0.04%



Class of security

Ordinary £1 shares



OPTION EXERCISE PRICE

(1)  Mr C R N Clark                41,379 @ 574.50p

 (2) Mr D W Morgan                 12,233 @ 574.50p

                                   19,000 @ 553.00p

SHARE SALE PRICE

(1) Mr C R N Clark                 41,379 @ 908.00p

(2) Mr D W Morgan                  31,233 @ 903.97p



Date of Transaction

1 August 2003



Date Company Informed

4 August 2003



Total holding following this notification

                                     Shares        Options          LTIP

Mr C R N Clark                       21,043        114,833       133,061

Mr D W Morgan                        35,084        103,564        67,409



Total Percentage holding of Issued Class following this notification

0.02%



Contact and telephone number for queries

Ms Lynne Sanderson  020 7269 8461



Name of authorised company official responsible for making this notification

Ms Lynne Sanderson  020 7269 8461



Date of Notification:  4 August 2001


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