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Elementis PLC (ELM)

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Monday 06 June, 2005

Elementis PLC

Holding(s) in Company

Elementis PLC
6 June 2005

Notifications of acquisition and subsequent disposal of major interests in 

Elementis plc (the 'Company') announces that it has received two notifications
under sections 198 - 208 of the Companies Act 1985 (the 'Act') from HIP-IV
Incorporated ('HIP-IV') in its capacity as general partner of Hanover Investors
Partners - IV, L.P. ('HIP IV LP') and managing member of Hanover Investors
Partners - V, LLC ('HIP V').

The first notification was received on 3 June 2005 and informed the Company that
HIP-IV, HIP IV LP and HIP V had become interested on 1 June 2005 in 45,342,241
ordinary shares (representing approximately 10.43% of the issued ordinary
shares) in the Company, the interests being of the kind mentioned in section
208(4)(b) of the Act (entitlement of a person who is not the registered holder
to exercise, or control the exercise of, a right conferred by the holding of
shares). The notification stated that HIP-IV believed its aggregate interests in
the ordinary shares in the Company at the time of the notification to have
represented approximately 25.7% of the ordinary shares in the Company.

According to the notification, the interests to which it related arose from the
giving by Schroder Investment Management Limited in its capacity as a
discretionary fund manager of undertakings in respect of shares registered in
the names of the following holders:

     Name of registered holder                    Number of shares

     British Coal Superannuation Scheme A/C       8,724,778 

     Chase Nominees Limited A/C SUTL              22,955,837

     Mineworkers' Pension Scheme (Chase Gis)      10,000,000 
     Nominees Limited A/C MPSX

     Nortrust Nominees Limited                    1,810,700 

     Schroder Nominees Limited                    1,850,926
The second notification was received by the Company on 6 June 2005 and informed
the Company that on 6 June 2005 HIP-IV, HIP IV LP and HIP V had ceased to be
interested in the 45,342,241 ordinary shares in the Company referred to above.
The notification stated that immediately after the obligation to make the second
notification arose, HIP-IV was interested in 65,695,000 ordinary shares in the
Company (approximately 15.11% of the ordinary shares in the Company), which
included 65,323,071 shares registered in the name of P.H. Nominees Limited of
which HIP V is the beneficial owner and in which HIP IV is interested in its
capacity as managing member of HIP V and 371,929 shares registered in the name
of P.H. Nominees Limited of which HIP IV LP is the beneficial owner and in which
HIP IV is interested in its capacity as general partner of HIP IV LP.

Further, both notifications stated that none of the interests of HIP-IV, HIP IV
LF and HIP V in shares in the Company is such an interest as is mentioned in
section 208(5) of the Act.

Name of contact and telephone number for queries: 01784 227023 

Name and signature of authorised company official responsible for making this 
P. Watson - Company Secretarial Assistant 

Date of notification: 6 June 2005

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

a d v e r t i s e m e n t