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Elementis PLC (ELM)

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Friday 04 October, 2002

Elementis PLC

Holding(s) in Company

Elementis PLC
4 October 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.

PLEASE SEE LETTER BELOW

5)   Number of shares/amount of stock acquired.

-

6)   ( N/A %) of issued Class

-

7)   Number of shares/amount of stock disposed

-

8)   ( N/A %) of issued Class

-

9)   Class of security

ORDINARY SHARES OF 5P

10)  Date of transaction

-

11)  Date company informed

3 OCTOBER 2002

12)  Total holding following this notification

PLEASE SEE LETTER BELOW
               
13)  Total percentage holding of issued class following this notification

LESS THAN 10% OF ISSUED SHARE CAPITAL

14)  Any additional information



15)  Name of contact and telephone number for queries

A.S. WHITE            01784 224374

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

     Date of Notification 4 OCTOBER 2002..................



Letter to:  Elementis Plc - dated: 03 October 2002

5p ORDINARY SHARES ('SHARES')

We write to advise you that while we, Schroder Investment Management Limited,
continue to have an interest in the above-mentioned shares, it has ceased to be
a notifiable interest for the purposes of Part VI of the Companies Act 1985 (the
Act) since it represents less than 10% of the nominal value of that relevant
share capital, which we understand to be 431,575,581 shares.

This notification is made to you in respect of our own interest as investment
managers and also on behalf of:-

(a) Schroder Unit Trusts Limited, an affiliated company,

(b) Schroder Investment Management North America Limited, another wholly-owned
    subsidiary,

(c) Schroder Investment Management North America Inc., an affiliated company,
    and

(d) Schroders plc., our holding company,

in relation to any interests they may have or be treated as having respectively
under the Act.

Letter from: Schroder Investment Management Limited


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