RNS Number:4216L
Spirax-Sarco Engineering PLC
22 May 2003

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


SPIRAX-SARCO ENGINEERING PLC




2. Name of director


PETER MICHAEL SMITH




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


PETER MICHAEL SMITH




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


PETER MICHAEL SMITH




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


PETER MICHAEL SMITH




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 7,568 SHARES AND SALE OF SHARES




7. Number of shares / amount of stock acquired


7,568



8. Percentage of issued class


0.0102%



9. Number of shares/amount of stock disposed


6,068



10. Percentage of issued class


0.0082%



11. Class of security


ORDINARY




12. Price per share


EXERCISE: 2,144 @ 301.81416p + 5,424 @ 355.07554p

SALE: 470p



13. Date of transaction


EXERCISE: 20.5.03, SALE: 21.5.03



14. Date company informed


20.5.03 & 21.5.03



15. Total holding following this notification


17,372



16. Total percentage holding of issued class following this notification


0.0234%



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. 01242 535321




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


FAY RICKETTS




Date of Notification


22.5.03






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