Holding(s) in Company

IMI PLC
20 March 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

IMI PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

LEGAL AND  GENERAL INVESTMENT MANAGEMENT LTD

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

BENEFICIAL



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

 MATERIAL INTEREST

HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 886603        710,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 775245      1,613,778  
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 754612        350,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 766793         10,000
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 252605        243,642
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 357206      7,540,048
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD A/c 866203        260,000

                                                    10,727,468    3.05%


5)   Number of shares/amount of stock acquired.

509,947


6)   (0.14%) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES


10)  Date of transaction

15.03.02

11)  Date company informed

20.03.02

12)  Total holding following this notification

10,727,468

               
13)  Total percentage holding of issued class following this notification

3.05


14)  Any additional information

LEGAL AND GENERAL HAVE NOTIFIED THE COMPANY THAT THEIR INTEREST HAS NOW 
EXCEEDED 3%


15)  Name of contact and telephone number for queries

P A BOULTON
0121 356 4848  EXT 4345


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

     Date of Notification ....20TH MARCH 2002




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