Corporate Action

Elementis PLC
5 October 2001

CAPITALISATION ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE        *ELM
SEDOL CODE           *241-854
TERMS                *For each Ordinary Share of 5p - 2.1 New Redeemable 
                                                      Shares of 1p
                                                       
DEALINGS COMMENCE NEW SHARES *02-11-01
PROVISIONAL EX DATE  *02-11-01
RECORD DATE          *29-10-01
NOTES *