Holding(s) in Co. - Replace

Spirax-Sarco Engineering PLC 15 March 2002 The issuer advises that the following replaces the Holding(s) in Company announcement released on 14th March 2002, at 10:24, under RNS number 9633S. The shareholder having a major interest should have read Sprucegrove and not Sprugegrove as previously stated. All other details remain unchanged. The full amended text appears below. Issued by Merrill Lynch International NOTIFICATION OF MAJOR INTERESTS IN SHARES 1) Name of Company 2) Name of shareholder having a major interest SPIRAX-SARCO ENGINEERING PLC SPRUCEGROVE INVESTMENT MANAGEMENT LTD 3) Please state whether notification indicates that 4) Name of the registered holder(s) and, if more it is in respect of holding of the shareholder than one holder, the number of shares held by each named in 2 above or in respect of a non-beneficial of them 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 IN RESPECT OF CLIENTS WHOSE PORTFOLIOS ARE MANAGED CITIBANK N.A. LONDON (138,400) BY THE SHAREHOLDERS NAMED IN BOX 2 ABOVE BT GLOBENET NOMINEES LTD (99,420) CHASE NOMINEES LTD (313,500) MSS NOMINEES LTD (234,100) NORTRUST NOMINEES LTD (206,135) ROY NOMINEES LTD (529,431) STATE STREET NOMINEES LTD FOR: ACCOUNT NP8E (351,000) ACCOUNT SM86 (308,834) ACCOUNT AA1X (18,300) ACCOUNT JP2M (15,700) 5) Number of shares/ 6) Percentage of issued 7) Number of shares/amount 8) Percentage of issued amount of stock acquired class of stock disposed class - - - - 9) Class of security 10) Date of transaction 11) Date company informed ORDINARY NOT KNOWN 13 MARCH 2002 12) Total holding following this notification 13) Total pecentage holding of issued class following this notification 2,214,820 3.00% 14) Any additional information 15) Name of contact and telephone number for queries GUY STAINER, MERRILL LYNCH INTERNATIONAL 020 7996 2242 16) Name and signature of authorised company official responsible for making this notification M F RICKETTS (MRS) Date of notification:14 MARCH 2002 END This information is provided by RNS The company news service from the London Stock Exchange