Holding in Company

Spirax-Sarco Engineering PLC
14 June 2001

                      
                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SPIRAX-SARCO ENGINEERING PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ZURICH SCUDDER 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

    IN RESPECT OF CLIENTS WHOSE PORTFOLIOS ARE MANAGED BY THE SHAREHOLDERS NAMED
    IN BOX 2 ABOVE


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

    LITTLEDOWN NOMINEES LIMITED

5)   Number of shares/amount of stock acquired.

     NOT STATED

6)   ( NOT STATED %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT STATED

8)   (NOT STATED %) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     NOT KNOWN

11)  Date company informed

     13.6.01

12)  Total holding following this notification

     2,221,567
               
              
13)  Total percentage holding of issued class following this notification
      3.0066%


14)  Any additional information



15)  Name of contact and telephone number for queries

     GUY STAINER
     MERRILL LYNCH TEL [phone]

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

     Date of Notification ....14TH JUNE 2001....................