Holding(s) in Company

Spirax-Sarco Engineering PLC
26 July 2002



                                   SCHEDULE 10

                    NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

SPIRAX-SARCO ENGINEERING PLC


2. Name of shareholder having a major interest

SPRUCEGROVE INVESTMENT MANAGEMENT LTD


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 ATTACHED LETTER DATED 23RD JULY 2002


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

NOT KNOWN


11. Date company informed

23.7.02


12. Total holding following this notification

3,011,587


13. Total percentage holding of issued class following this notification

4.0674%


14. Any additional information

Share capital at 8.7.02 - 74,041,273


15. Name of contact and telephone number for queries

PETER A. SMITH, TEL. [phone]


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

PETER A. SMITH


Date of notification

26.7.02



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 23rd July 2002

This is to advise you, under Section 198 of the Companies Act of 1985, that
funds managed by Sprucegrove Investment Management Limited currently have a 4.1%
interest in your company's outstanding shares. The registered holders of the
shares are identified as follows:


        Holdings        Nominee Name
         191,790        Citibank N.A. London
         212,563        Deutsche Bank Trust Company Americas
         501,230        Chase Nominees Limited
         280,400        MSS Nominees Limited
         304,335        Nortrust Nominees Limited
         634,331        ROY Nominees Ltd
         412,700        State Street Nominees Limited for the account of NP8E
          72,347        State Street Nominees Limited for the account of VN5D
         364,691        State Street Nominees Limited for the account of SM86
          19,800        State Street Nominees Limited for the account of AA1X
          17,400        State Street Nominees Limited for the account of JF2M
       3,011,587





Sincerely,

Janis Rozenfelds
Portfolio Administrator




                      This information is provided by RNS
            The company news service from the London Stock Exchange