Holding in Company

Elementis PLC
13 December 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ELEMENTIS PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FRANKLIN RESOURCES INC


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



4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

PLEASE SEE BELOW


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class


7)   Number of shares/amount of stock disposed

PLEASE SEE BELOW


8)   ( N/A %) of issued Class


9)   Class of security

ORDINARY SHARES OF 5p


10)  Date of transaction

12 DEC 2000


11)  Date company informed

13 DEC 2000


12)  Total holding following this notification

55,993,686
               
              
13)  Total percentage holding of issued class following this notification

12.9776%


14)  Any additional information



15)  Name of contact and telephone number for queries

KERIN WILLIAMS  
020 7398 1439


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

     Date of Notification .. 13 DECEMBER 2000 .........................



LETTER TO:     ELEMENTIS PLC
LETTER DATED:  12 DECEMBER 2000

S.198 Companies Act - Disclosure of Share Interests

We are acting on behalf of Franklin Resources, Inc. and its affiliates, which
includes Franklin Mutual Advisers, LLC and Templeton Worldwide, Inc. and its
affiliates. Franklin Resources, Inc. and its affiliates perform investment
management and advisory services for clients on a global basis.

We wish to advise you of interests in the share capital of your Company under
management of Franklin Resources, Inc. and its affiliates on behalf of clients,
as detailed in the schedule below.

LETTER FROM:   FRANKLIN RESOURCES, INC.



                                SCHEDULE

                              Elementis plc

                            Outstanding Shares         431,463,000


Registered Holder                No. of Shares            % of Class

Chase Nominees Ltd                 53,039,286              12.2929%

Bankers Trust Company                 828,600               0.1920%

State Street Nominees Limited         163,200               0.0378%

HSBC Bank                           1,562,280               0.3621%

Royal Trust Corporation of Canada     264,720               0.0614%

Midland Bank PLC                      135,600               0.0314%

TOTAL                              55,993,686              12.9776%