Director Shareholding

IMI PLC
14 January 2004

JCB/pmg


14 January 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 on 12th January 2004, each of the following Directors of this Company
acquired a beneficial interest in the number of new shares shown against his
name, namely shares purchased pursuant to their participation in the IMI Share
Purchase Plan (the Company's All Employee Share Ownership Plan) at 340p per
share.


Director                                        Number of shares

Martin Lamb                                            37
Trevor Slack                                           37
Barry Pointon                                          36





Yours faithfully





J C Bower

Assistant Company Secretary










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