Director Shareholding

Spirax-Sarco Engineering PLC
25 March 2002


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    SPIRAX-SARCO ENGINEERING PLC

2)  NAME OF DIRECTOR

    DAVID JOHN MEREDITH

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

    DAVID JOHN MEREDITH

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

    DAVID JOHN MEREDITH

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

    DAVID JOHN MEREDITH

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 27,752 SHARES,
    SALE OF 4,000 SHARES & TRANSFER OF 23,752 SHARES 
    TO SPOUSE, MRS GINA MARIE MEREDITH
    

7)  Number of shares/amount of
    stock acquired

    27,752

8)   (0.0375%)
     of issued Class



9)  Number of shares/amount
    of stock disposed

    27,762

10)  (0.0375%)
     of issued Class



11) Class of security

    ORDINARY

12) Price per share
    EXERCISE:
    12,615 @ 233.03216p
     3,784 @ 301.81416p
    11,353 @ 355.07554

    SALE: 454p

13) Date of transaction

    25.3.02

14) Date company informed

    25.3.02

15) Total holding following this notification

    7,740

16) Total percentage holding of issued class following this notification

    0.00105%

     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       25TH MARCH 2002                          





                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

    SPIRAX-SARCO ENGINEERING PLC

2)  NAME OF DIRECTOR

    DAVID JOHN MEREDITH

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

    GINA MARIE MEREDITH

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

    GINA MARIE MEREDITH

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

    GINA MARIE MEREDITH

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

    TRANSFER OF SHARES FROM SPOUSE, DAVID JOHN MEREDITH & SALE
    

7)  Number of shares/amount of
    stock acquired

    23,762

8)   (0.0321%)
     of issued Class



9)  Number of shares/amount
    of stock disposed

    4,000

10)  (0.0054%)
     of issued Class



11) Class of security

    ORDINARY

12) Price per share
    
    454p

13) Date of transaction

    25.3.02

14) Date company informed

    25.3.02

15) Total holding following this notification

    31,728

16) Total percentage holding of issued class following this notification

    0.0429%

     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       25TH MARCH 2002                          


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