European Commission decision in relation to copper fittings - 20 September 2006

The European Commission has today announced the imposition of a fine of €48.3m on IMI in relation to its former copper fittings business, which was sold in 2002. IMI will assess the possibility of appeal following receipt of details of the decision.

For further information contact:

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

Weber Shandwick Square Mile
Nick Oborne / Stephanie Badjonat
Tel: 020 7067 0700

Note to editors:

IMI is a dynamic, worldwide company delivering innovative engineering solutions to leading global customers in clearly defined niche markets. Its five businesses share a common goal - to convert their industry knowledge and market insight into customised, design-engineered solutions which create customer advantage and value. These include severe service valves, motion and fluid control systems, indoor climate controls, beverage dispense systems, and merchandising display systems for retail operations.

Close customer relationships, strong positions in growing markets and clear differentiation through technological innovation or service are the defining characteristics of all IMI businesses. 

IMI is quoted on the London Stock Exchange. Information about IMI plc can be found on the website: www.imiplc.com

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