Director Shareholding

Spirax-Sarco Engineering PLC
15 March 2002


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     SPIRAX-SARCO ENGINEERING PLC

2)  NAME OF DIRECTOR

     ALAN DENNIS HOLLIS BLACK

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 or in respect of an non-beneficial interest

     SPOUSE - MRS SALLY E BLACK

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

     MRS SALLY E BLACK

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    MRS SALLY E BLACK

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    TRANSFER FROM SPOUSE, MR A D H BLACK & SALE

7)  Number of shares/amount of
    stock acquired

    3,530

8)   (0.00477%)
    of issued Class



9)  Number of shares/amount
    of stock disposed

     3,530

10)  (0.00477 %)
    of issued Class



11) Class of security

    ORDINARY

12) Price per share

    431P

13) Date of transaction

     15.3.02

14) Date company informed

     15.3.02

15) Total holding following this notification

      0

16) Total percentage holding of issued class following this notification

       0%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

    GUY STAINER,
    MERRILL LYNCH - TEL. [phone]

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

    Date of Notification   15 MARCH 2002                              



                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

     SPIRAX-SARCO ENGINEERING PLC

2)  NAME OF DIRECTOR

     ALAN DENNIS HOLLIS BLACK

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 or in respect of an non-beneficial interest

     ALAN DENNIS HOLLIS BLACK

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

     ALAN DENNIS HOLLIS BLACK

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

     ALAN DENNIS HOLLIS BLACK

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    EXERCISE OF OPTIONS OVER 5,046 SHARES, 
    TRANSFER OF 3,530 SHARES TO SPOUSE, 
    MRS SALLY E BLACK, SALE OF 1,516 SHARES

7)  Number of shares/amount of
    stock acquired

    5,046

8)   (0.00682%)
    of issued Class



9)  Number of shares/amount
    of stock disposed

     5,046

10)  (0.00682 %)
    of issued Class



11) Class of security

    ORDINARY

12) Price per share

    EXERCISE:
    3,154 @ 233.03216P 
    1,892 @ 274.15490P

     SALE:
    1,516 @ 431P

13) Date of transaction

     EXERCISE: 14.3.02
     SALE: 15.3.02

14) Date company informed

     14/15.3.02

15) Total holding following this notification

     17,966

16) Total percentage holding of issued class following this notification

       0.02430%

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant



18) Period during which or date on which exercisable



19) Total amount paid (if any) for grant of the option



20) Description of shares or debentures involved: class, number.



21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise



22) Total number of shares or debentures over which options held
    following this notification



23) Any additional information



24) Name of contact and telephone number for queries

    GUY STAINER,
    MERRILL LYNCH - TEL. [phone]

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

    Date of Notification   15 MARCH 2002                              


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