Director Shareholding

Spirax-Sarco Engineering PLC
29 September 2003

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company

SPIRAX-SARCO ENGINEERING PLC


2. Name of director

ALAN DENNIS HOLLIS BLACK


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 or in respect of a non-beneficial
interest

ALAN DENNIS HOLLIS BLACK


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

ALAN DENNIS HOLLIS BLACK


5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

ALAN DENNIS HOLLIS BLACK


6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

EXERCISE OF OPTIONS OVER 5,023 SHARES AND SALE OF SHARES


7. Number of shares / amount of stock acquired

5,023


8. Percentage of issued class

0.00675


9. Number of shares/amount of stock disposed

5,023


10. Percentage of issued class

0.00675


11. Class of security

ORDINARY


12. Price per share

EXERCISE - 631 @ 301.81416p each, 1,892 @ 355.07554p each, 2,500 @ 427p each, 
SALE - 5,023 @ 549p each


13. Date of transaction

29.09.03


14. Date company informed

29.09.03


15. Total holding following this notification

18,915


16. Total percentage holding of issued class following this notification

0.0254


If a director has been granted options by the company please complete the
following boxes.



17. Date of grant



18. Period during which or date on which exercisable



19. Total amount paid (if any) for grant of the option



20. Description of shares or debentures involved: class, number



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise



22. Total number of shares or debentures over which options held following this
notification



23. Any additional information



24. Name of contact and telephone number for queries

FAY RICKETTS, TEL. [phone]


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

FAY RICKETTS


Date of Notification

29.9.03



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