Director Shareholding

IMI PLC
23 April 2001


Letter to Company Announcements Office

In accordance with Section 329 of the Companies Act 1985 I hereby notify you
that the following Directors of this Company were granted options on 10 April
2001 under the IMI SAYE Share Option (1994) Scheme, at a subscription price of 
201 pence per share (the consideration for the grant of the options being entry
into savings contracts under the Scheme), in respect of the number of Ordinary
shares of 25p each in IMI Plc shown below:-

          Director                              No. of Shares

          Mr M J Lamb                               1,679
          Mr T J Slack                              1,477

Letter from John O'Shea
Company Secretary/Solicitor
IMI PLC