Holding(s) in Company

Spirax-Sarco Engineering PLC
14 March 2002



Issued by Merrill Lynch International




                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1) Name of Company                                  2) Name of shareholder having a major interest
SPIRAX-SARCO ENGINEERING PLC                        SPRUGEGROVE INVESTMENT MANAGEMENT LTD

3) Please state whether notification indicates that 4) Name of the registered holder(s) and, if more
it is in respect of holding of the shareholder      than one holder, the number of shares held by each
named in 2 above or in respect of a non-beneficial  of them
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  CITIBANK N.A. LONDON (138,400)
BY THE SHAREHOLDERS NAMED IN BOX 2 ABOVE
                                                    BT GLOBENET NOMINEES LTD (99,420)

                                                    CHASE NOMINEES LTD (313,500)

                                                    MSS NOMINEES LTD (234,100)

                                                    NORTRUST NOMINEES LTD (206,135)

                                                    ROY NOMINEES LTD (529,431)

                                                    STATE STREET NOMINEES LTD FOR:

                                                    ACCOUNT NP8E (351,000)

                                                    ACCOUNT SM86 (308,834)

                                                    ACCOUNT AA1X (18,300)

                                                    ACCOUNT JP2M (15,700)


5) Number of shares/      6) Percentage of issued   7) Number of shares/amount  8) Percentage of issued
amount of stock acquired  class                     of stock disposed           class
-                         -                         -                           -


9) Class of security                                10) Date of transaction     11) Date company
                                                                                informed
ORDINARY                                            NOT KNOWN                   13 MARCH 2002


12) Total holding following this notification       13) Total pecentage holding of issued class
                                                    following this notification
2,214,820                                           3.00%


14) Any additional information                      15) Name of contact and telephone number for queries
                                                    GUY STAINER,

                                                    MERRILL LYNCH INTERNATIONAL

                                                    020 7996 2242


16) Name and signature of authorised company official responsible for making this notification
M F RICKETTS (MRS)

Date of notification:14 MARCH 2002


END



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