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Elementis PLC (ELM)

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Friday 27 September, 2002

Elementis PLC

Holding(s) in Company

Elementis PLC
27 September 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     ELEMENTIS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     SCHRODER INVESTMENT MANAGEMENT LIMITED

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



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

     SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed

     SEE BELOW

8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 5p

10)  Date of transaction

     27 SEPTEMBER 2002

11)  Date company informed

     27 SEPTEMBER 2002

12)  Total holding following this notification

     47,117,243
               
13)  Total percentage holding of issued class following this notification

     10.917%

14)  Any additional information



15)  Name of contact and telephone number for queries

     PENNY WATSON - 01784 224373

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

     Date of Notification ..27 SEPTEMBER 2002



LETTER TO ELEMENTIS PLC 

5p ORDINARY SHARES ('SHARES')

We write to advise you that we, Schroder Investment Management Limited, have an
interest in 44,117,243 shares which are held in portfolios managed by us on a
discretionary basis for clients under investment management agreements.

Included in this figure are:

(l)   3,859,000 shares registered or to be registered in the name of our 
      wholly-owned subsidiary nominee company, Schroder Nominees Limited 
      (Schroder Nominees),

(ii)  24,152,279 shares held in (a) unit trust(s) operated and managed by an 
      affiliated company, Schroder Unit Trusts Limited (SUTL), and registered or 
      to be registered in the name of Chase Nominee and,

(iii) 16,105,964 shares neither registered nor to be registered in the name of 
      Schroder Nominees. The registration details are shown on the schedule
      below.

An affiliated company, Schroder Investment Management North America Inc (SIMNA
Inc), is managing a portfolio on a similar basis holding a further 3,000,000
shares. This holding is registered or to be registered in the name of Chase
Nominees Limited.

We believe that we, our subsidiary and affiliated company are therefore
interested in an overall aggregate of 47,117,243 shares, representing some
10,917% of the total number of shares in issue, namely 431,575,581.

This notification is made to you:

(a) in respect of our interest as investment managers,

(b) on behalf of SIMNA Inc and SUTL in relation to the interests they are
    treated as having respectively under the Companies Act 1985 (the Act), and

(c) on behalf of Schroders plc., our holding company, which is treated as having 
    an interest in all of the above shares under the Act by virtue of its 
    ownership of SIMNA Inc, SUTL and ourselves.


                         5P ORDINARY SHARES 

                               SCHEDULE
REGISTRATION                                                          AMOUNT

Chase Nominees Limited                                             3,990,000
Imperial Pensions Nominees Limited                                 3,507,036
Mineworkers' Pension Scheme a/c: R                                  2,762,374
British Coal Staff Superannuation a/c: P                           5,846,554
                                                                  ----------
                                                                  16,105,964
                                                                  ----------
FROM FIDELITY INVESTMENTS 

                      This information is provided by RNS
            The company news service from the London Stock Exchange