IMI PLC — AGM Information 2011

May 6, 2011

No. 714275

The Companies Act 2006

COMPANY LIMITED BY SHARES

......................................

IMI plc

At an Annual General Meeting of the above-named Company duly convened and held at the Hilton Birmingham Metropole Hotel, National Exhibition Centre, Birmingham on Friday 6 May 2011, the following resolutions were passed as Ordinary Resolutions.

• $15.$ That:
• $(a)$ the directors be authorised to allot shares in the Company or grant rights to subscribe for, or convert any security into, shares in the Company:
  • $(i)$ in accordance with article 7 of the Company's articles of association, up to a maximum nominal amount of £26,730,000 (such amount to be reduced by the nominal amount of any equity securities (as defined in article 8 of the Company's articles of association) allotted under paragraph (ii) below in excess of £26,730,000); and
  • $(ii)$ comprising equity securities (as defined in article 8 of the Company's articles of association), up to a maximum nominal amount of £53,460,000 (such amount to be reduced by any shares allotted or rights granted under paragraph (i) above) in connection with an offer by way of a rights issue (as defined in article 8 of the Company's articles of association);
• $(b)$ this authority shall expire at the conclusion of the next annual general meeting of the Company after the passing of this resolution, or, if earlier, at the close of business on 1 July 2012; and
• $(c)$ all previous unutilised authorities under section 551 of the Companies Act 2006 shall cease to have effect (save to the extent that the same are exercisable pursuant to section 551(7) of the Companies Act 2006 by reason of any offer or agreement made prior to the date of this resolution which would or might require shares to be allotted or rights to be granted on or after that date).

• $16.$ That, in accordance with section 366 of the Companies Act 2006, the Company and all companies that are subsidiaries of the Company at any time during the period for which this resolution has effect be and are hereby authorised to:

• $(a)$ make political donations to political parties or independent election candidates not exceeding £100,000 in total;

• $(b)$ make political donations to political organisations other than political parties not exceeding £100,000 in total; and
• incur political expenditure not exceeding £100,000 in total; $(c)$

during the period beginning with the date of the passing of this resolution and ending at the conclusion of the next annual general meeting of the Company or 1 July 2012, whichever is the earlier, provided that the aggregate amount of any such donations and expenditure shall not exceed £100,000. For the purposes of this resolution the terms 'political donations', 'political parties', 'independent election candidates', 'political organisations' and 'political expenditure' shall have the meanings set out in sections 363 to 365 of the Companies Act 2006.

• $17₁$ That:
• $(a)$ the rules of the IMI PLC Share Option Plan (the 'SOP Rules'), which are referred to in the Chairman's covering letter that accompanies this notice of annual general meeting, the principal terms of which are summarised in Appendix 1 to this notice of annual general meeting and which are produced in draft to this meeting and, for the purposes of identification, have been initialled by the Chairman, are hereby approved and adopted; and
• $(b)$ the directors be and are hereby authorised to:
  • do all such acts and things as they consider necessary or desirable to $(i)$ implement the SOP Rules, including making such amendments to the SOP Rules as may be required by HM Revenue & Customs; and
  • establish further plans based on the IMI PLC Share Option Plan, but $(ii)$ modified to take account of local tax, exchange control or securities laws in overseas territories, provided that any shares made available under such further plans are treated as counting against the limits on individual or overall participation in the IMI PLC Share Option Plan.

$18.$ That:

• $(a)$ the rules of the IMI Global Employee Share Purchase Plan 2011 (the 'Global Plan Rules'), which are referred to in the Chairman's covering letter that accompanies this notice of annual general meeting, the principal terms of which are summarised in Appendix 2 to this notice of annual general meeting and which are produced in draft to this meeting and, for the purposes of identification, have been initialled by the Chairman, are hereby approved and adopted; and
• $(b)$ the directors be and are hereby authorised to:
• do all such acts and things as they consider necessary or desirable to $(i)$ implement the Global Plan Rules; and
• $(ii)$ establish further plans based on the IMI Global Employee Share Purchase Plan 2011 but modified to take account of local tax, exchange control or securities laws in overseas territories, provided that any

shares made available under such further plans are treated as counting against the limits on individual or overall participation in the IMI Global Employee Share Purchase Plan 2011.

• 1. That:
• $(a)$ the rules of the IMI US Stock Purchase Plan 2011 (the 'US Plan Rules') which are referred to in the Chairman's covering letter that accompanies this notice of annual general meeting, the principal terms of which are summarised in Appendix 2 to this notice of annual general meeting and which are produced in draft to this meeting and, for the purposes of identification, have been initialled by the Chairman, are hereby approved and adopted; and
• $(b)$ the directors be and are hereby authorised to do all such acts and things as they consider necessary or desirable to implement the US Plan Rules.

The Companies Act 2006

COMPANY LIMITED BY SHARES

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IMI plc

At an Annual General Meeting of the above-named Company duly convened and held at the Hilton Birmingham Metropole Hotel, National Exhibition Centre, Birmingham on Friday 6 May 2011, the following resolutions were passed as Special Resolutions.

• A. That:
• $(a)$ in accordance with article 8 of the Company's articles of association, the directors be given power to allot equity securities for cash;
• $(b)$ the directors be given power to allot equity securities for cash within section 560(3) of the Companies Act 2006 (sale of treasury shares) as if section 561 of that Act did not apply:
• $(c)$ the powers under paragraphs (a) and (b) above (other than in connection with a rights issue, as defined in article 8(b)(ii) of the Company's articles of association) shall be limited to the allotment of equity securities having a nominal amount not exceeding in aggregate £4,240,000;
• $(d)$ these authorities shall expire at the conclusion of the next annual general meeting of the Company after the passing of this resolution or, if earlier, at the close of business on 1 July 2012; and
• $(e)$ all previous unutilised authorities under sections 570 and 573 of the Companies Act 2006 shall cease to have effect.
• B. That, in accordance with the Companies Act 2006, the Company is generally and unconditionally authorised to make market purchases (within the meaning of section 693 of the Companies Act 2006) of ordinary shares of 25p each in the capital of the Company ('Ordinary Shares') on such terms and in such manner as the directors of the Company may from time to time determine provided that:
• the maximum aggregate number of Ordinary Shares that may be purchased $(a)$ under this authority is 48,116,000;

• $(b)$ the minimum price which may be paid shall be 25p per Ordinary Share (exclusive of expenses, if any, payable by the Company in connection with the purchase):

• $(c)$ the maximum price (exclusive of expenses, if any, payable by the Company in connection with the purchase) which may be paid for an Ordinary Share purchased under this authority shall not be more than the higher of:

• 105% of the average of the middle market prices shown in the $(i)$ quotations for Ordinary Shares in the London Stock Exchange Daily Official List for the five business days before the day on which that Ordinary Share is purchased; and
• the amount stipulated by Article 5(1) of the Buy-back and Stabilisation $(ii)$ Regulation 2003;
• $(d)$ the authority hereby conferred shall expire on 1 July 2012 or, if earlier, at the conclusion of the next annual general meeting of the Company after the passing of this resolution unless renewed before that time save that the Company may make a contract or contracts to purchase Ordinary Shares under this authority before its expiry which will or may be executed wholly or partly after the expiry of this authority, and may make a purchase of Ordinary Shares in pursuance of any such contract; and
• all existing authorities for the Company to make market purchases of Ordinary $(e)$ Shares are revoked, except in relation to the purchase of shares under a contract or contracts concluded before the date of this resolution and which has or have not vet been executed.
• $C_{\cdot}$ That, in accordance with the Company's articles of association, a general meeting (other than an annual general meeting) may be called on not less than 14 clear days' notice.