Director Shareholding

IMI PLC
01 April 2004

1st April 2004


The Secretary
Company Announcements Office
UK Listing Authority
The Stock Exchange



Dear Sir

In accordance with Section 329 of the Companies Act 1985, I hereby notify you
that this Company has received notice from Cazenove & Co, of a disposal on 31st
March 2004 of 1528 IMI Ordinary shares at a price of 358.5 pence per share on
behalf of Mr M J Lamb, a Director of this Company and a disposal of 1327 IMI
Ordinary Shares at a price of 358.5 pence per share on behalf of Mrs J Lamb
(wife of Mr M J Lamb).


Yours faithfully



J C Bower
Assistant Company Secretary/Solicitor


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