European Commission decision in relation to copper plumbing tube - 3 September 2004

The European Commission has today announced the imposition of a fine of Euro 44.98 million on IMI in relation to its former copper tube business, which was sold in 2002. IMI will assess the possibility of appeal following receipt of details of the decision.

IMI disposed of its plumbing fittings business in 2002 but also has a retained responsibility in relation to the European Commission's investigation of the copper plumbing fittings industry. That investigation is at an earlier stage, with a Commission decision unlikely to be made before the second half of 2005.

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For further information contact:

IMI plc
Graham Truscott, Communications Director
Tel: 0121 717 3712

Information about IMI plc can be found on the website: www.imiplc.com

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