Holding in Company

Elementis PLC
6 November 2001


Letter to Elementis Plc

S.198 Companies Act - Disclosure of Share Interests

We are acting on behalf of Franklin Resources, Inc. and it's 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.


Contact:
Kristina Perez
Tel:  [phone] or 
Colleen Lightbourne 
Tel:  [phone] 
Fax:  [phone]


Letter from Franklin Resources, Inc.



                                   SCHEDULE

                                 Elementis plc

                              Outstanding Shares              431,463,000

Registered Holder               No. of Shares                    % of Class

Chase Nominees Ltd                  7,403,196                       1.7158%
Bankers Trust Company                 138,600                       0.0321%

TOTAL                               7,541,796                       1.7480%



                  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 ABOVE


5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

PLEASE SEE ABOVE


8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 5P 


10)  Date of transaction

05/11/01


11)  Date company informed

06/11/01


12)  Total holding following this notification

7,541,796 ORDINARY SHARES

               
13)  Total percentage holding of issued class following this notification

1.75%


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    6 NOVEMBER 2001