Holding in Company

Johnson,Matthey PLC
8 January 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     JOHNSON MATTHEY PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     LEGAL & GENERAL INVESTMENT MANAGEMENT

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

      AS IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     AS PER BELOW

5)   Number of shares/amount of stock acquired.

      252,100

6)   ( 0.16 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

       ORDINARY £1 SHARES

10)  Date of transaction

       21 DECEMBER 2001

11)  Date company informed

       28 DECEMBER 2001

12)  Total holding following this notification

        6,728,477
               
13)  Total percentage holding of issued class following this notification

        3.08%

14)  Any additional information



15)  Name of contact and telephone number for queries

       LYNNE COSSEY 0207 269 8461

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

     Date of Notification ....8 JANUARY 2002....................


LETTER TO JOHNSON MATTHEY
24 DECEMBER 2001


Companies Act 1985 - Disclosure of Interest in shares

Consequent upon a transfer into management of 252,100 shares on the 21 December 
2001, we now hold the following number of shares which are not subject to a 
concert party and will be registered as follows:

Material Interest

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 886603     714,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 775245   1,010,636
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 361602      11,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 252605     249,712
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 360509     130,264
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 357206   4,581,108
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 866197      14,757
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/C 904332      17,000

                                                  6,728,477          3.06%


Please note that this percentage is based on our understanding that your issued 
share capital is 219,552,374.

LETTER FROM LEGAL & GENERAL INVESTMENT MANAGEMENT LTD