Contract Win

IMI PLC
29 May 2002

29 May 2002

                                    IMI plc


     CCI wins order to design world's largest high pressure control valve



In demanding physical environments where potentially corrosive liquids are often
at high temperatures, pressures and velocities: safety, efficiency and
dependability are paramount. CCI, part of IMI plc, is the world leader in the
design, manufacture and service of control valves for such severe environments.



IMI announces that its Severe Service valve business, CCI, has won its biggest
ever order for a single valve. The order, initially worth over $500,000, is part
of a Westinghouse Project being undertaken for the US Navy.



The modulating control valve will deliver superior performance and reliability
through precise velocity control with minimal vibration or cavitation. It is
designed for flow ranges up to 53000gpm (9300 t/hr), design pressures up to 2265
psig (156 barg), at temperatures from 530 F (276 C) to 700 F (371 C).



Martin Lamb, IMI's Chief Executive, said today: 'This order shows the confidence
that important customers like Westinghouse and the US Navy have in CCI's unique
ability to build and support very large severe service valves that meet
stringent noise, vibration and performance criteria. It is particularly
gratifying because it is based on CCI's proven track record of successful
installations at the same facility. '



                  web sites: www.ccivalve.com / www.imiplc.com





Notes to Editors



CCI, part of IMI's Fluid Controls business, is the world's leading manufacturer
of severe-service control valves and hydraulic and pneumatic actuators for coal,
oil, gas, and nuclear power plants; the oil and gas producing and hydrocarbon
industries; and pulp and paper plants worldwide. Headquartered in Rancho Santa
Margarita, California, CCI has offices worldwide and operates major design and
manufacturing facilities in Winterthur, Switzerland; Osaka, Japan; Kyunggi-Do,
South Korea; Saffle, Sweden; and Vienna, Austria.



IMI plc is a dynamic international engineering business specialising in
innovative solutions and services for a wide range of industrial and retail
customers. Its future growth is being built on the two business areas of Fluid
Controls and Retail Dispense.



IMI's operations in these two business areas share the following core
characteristics: strong market positions in growing markets; the ability to be
clearly differentiated from their competitors through technological innovation
or after-sales service; the provision of 'added value' solutions through bespoke
solutions rather than a high manufacturing or material content.



IMI is quoted on the London Stock Exchange and is capitalised at just over £1
billion.


                                     -ends-



For further information, please contact:
Graham Truscott                                     0121 332 2330
Director of Communications
IMI plc

Ben Padovan                                         020 7950 2800
Weber Shandwick Square Mile


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