Holding(s) in Company

Spirax-Sarco Engineering PLC 06 November 2003 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company SPIRAX-SARCO ENGINEERING PLC 2. Name of shareholder having a major interest ARNHOLD AND S. BLEICHROEDER ADVISORS, LLC 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 SEE BELOW 5. Number of shares / amount of stock acquired NOT STATED 6. Percentage of issued class NOT STATED 7. Number of shares / amount of stock disposed NOT STATED 8. Percentage of issued class NOT STATED 9. Class of security ORDINARY 10. Date of transaction 30.10.2003 11. Date company informed 05.11.2003 12. Total holding following this notification 3,735,397 13. Total percentage holding of issued class following this notification 4.9979% (SHARE CAPITAL 74,739,383) 14. Any additional information 15. Name of contact and telephone number for queries PETER A. SMITH, TEL. 01242 521361 16. Name and signature of authorised company official responsible for making this notification PETER SMITH Date of notification 06.11.03 The FSA does not give any express or implied warranty as to the accuracy of this document or material and does not accept any liability for error or omission. The FSA is not liable for any damages (including, without limitation, damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this document, or any material contained in it, or from any action or decision taken as a result of using this document or any such material. Letter to Spirax-Sarco Engineering plc dated November 5, 2003 Mr Smith Amended Disclosure of Substantial Shareholdings Under the Companies Act of 1985 On October 30, 2003 Arnhold and S. Bleichroeder Advisers, LLC ('ASBA') holds, in the aggregate, a total of 3,735,397 shares of Spirax-Sarco Engineering, Plc. Those shares represent 5.02% of the 74,356,000 outstanding shares of the company. They also represent an increase over the 4.98% of shares managed by ASBA that was denoted October 23, 2003 filing. The registered holders of the shares managed by ASBA on October 23, 2003 are given below. Arnhold and S. Bleichroeder Diversified International Equity Fund 270,000 City of Hartford Municipal Employees' Retirement Fund 30,397 Ewing Marion Kauffman Foundation 75,000 First Eagle Overseas Fund 2,350,000 First Eagle Overseas Variable Fund 150,000 Genesee County Employees' Retirement System 20,000 MacArthur Foundation Trust 90,000 Raytheon Pension Fund 75,000 Schlumberger, Limited 60,000 SoGen International SICAV 450,000 United Food and Commercial Workers' Union 65,000 Utah Retirement Systems 100,000 I request that you make the information disclosed in this notice public by notifying the London Stock Exchange. Please sign and return the enclosed copy of this letter to me at the address below or via fax at (212) 299-4315 as confirmation of your receipt. If you have any questions, you may contact me by telephone, at 212-698-3127, or by electronic mail at andrew.baldauf@asbai.com . Sincerely, Andrew J. Baldauf Vice President, Compliance This information is provided by RNS The company news service from the London Stock Exchange
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