Director Shareholding

RNS Number:9789P
Spirax-Sarco Engineering PLC
19 September 2003

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


SPIRAX-SARCO ENGINEERING PLC




2. Name of director


GRAHAM PAUL MARCHAND




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 or in respect of a non-beneficial
interest


GRAHAM PAUL MARCHAND




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


GRAHAM PAUL MARCHAND




5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


GRAHAM PAUL MARCHAND




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


EXERCISE OF OPTIONS OVER 30,137 SHARES AND SALE OF 20,137 SHARES




7. Number of shares / amount of stock acquired


30,137



8. Percentage of issued class


0.0405



9. Number of shares/amount of stock disposed


20,137



10. Percentage of issued class


0.0271



11. Class of security


ORDINARY




12. Price per share


EXERCISE - 3,784 @ 301.81416p each, 11,353 @ 355.07554p each, 15,000 @ 427p each), SALE - 20,371 @ 543p each



13. Date of transaction


19.09.03



14. Date company informed


19.09.03



15. Total holding following this notification


79,780



16. Total percentage holding of issued class following this notification


0.107



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant







18. Period during which or date on which exercisable






19. Total amount paid (if any) for grant of the option







20. Description of shares or debentures involved: class, number







21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise






22. Total number of shares or debentures over which options held following this
notification






23. Any additional information






24. Name of contact and telephone number for queries


FAY RICKETTS, TEL. [phone]




25. Name and signature of authorised company official responsible for making
this notification


FAY RICKETTS




Date of Notification


19.9.03











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