Holding in Company

Spirax-Sarco Engineering PLC
29 November 2000

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     SPIRAX-SARCO ENGINEERING PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     PRUDENTIAL PLC

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

     PRUDENTIAL PLC

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

     SEE LETTER DATED 28TH NOVEMBER 2000 BELOW

5)   Number of shares/amount of stock acquired.

     NOT STATED

6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT STATED

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY

10)  Date of transaction

     NOT KNOWN

11)  Date company informed

     28.11.00

12)  Total holding following this notification

     5,137,653
               
              
13)  Total percentage holding of issued class following this notification

     6.9813%

14)  Any additional information



15)  Name of contact and telephone number for queries

     AMANDA NOONAN 
     MERRILL LYNCH - TEL. [phone]

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

     Date of Notification: 29TH NOVEMBER 2000



CLRR 3060                     NOTIFIABLES                           28-NOV-2000
DOWLERT                     Position Report                    Page : 1

            SEDOL : 0834704         Client Fund Reporting Group : PPMB


           SPIRAX-SARCO ENG
            0834704 ORD GBP0.25

Shares in Issue  Registered Holder                Current Holding     Holding % 

73,592,036       PRUCLT HSBC GIS NOM(UK) PAC AC         4,521,331         6.14
                 PRUCLT HSBC GIS NOM(UK) PPL AC           616,322         0.83

73,592,036                                              5,137,653         6.98