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ICI INTERNAL SPLIT TAKES EFFECT

 WILMINGTON, Del., Jan. 4 /PRNewswire/ -- Imperial Chemical Industries PLC (NYSE: ICI) announced today that the internal split - hive-down - of the ICI Group into two separate organizations: ZENECA Limited, a wholly owned subsidiary of ICI, and the remaining ICI businesses took effect on Jan. 1, 1993.
 The Chairman of ICI, Sir Denys Henderson, said: "In July, we set out to effect hive-down by the year end and this has been done. This has been an enormous task involving the separation of more than 500 subsidiary companies all over the world. This will enable the Board of ICI to consider a demerger at its meeting at the end of February in the light of the prevailing economic and market conditions."
 In North America, ICI is a $3.7 billion diversified international chemical company with 15,000 employees and 57 manufacturing and R&T sites. ICI is composed of the following international businesses: Materials (Acrylics, Composites, Films, Polyurethanes), Paints, Explosives, Industrial Chemicals, Tioxide, as well as regional businesses. In the United States, ICI is organized as ICI Americas Inc.; in Canada, as ICI Canada Inc.
 ZENECA, in North America, is a $2.7 billion bioscience company with 8,400 employees and 52 manufacturing and R&T sites. ZENECA is composed of the Pharmaceuticals, Ag Products (Agro in Canada), Specialties and Seeds businesses. In the United States, the company is organized as ZENECA Inc.; in Canada, it is organized as ZENECA Corp.
 -0- 1/4/93
 /CONTACT: Sheldon Jones of Imperial Chemical Industries, 302-886-3476/
 (ICI)


CO: Imperial Chemical Industries PLC ST: Delaware IN: MTC SU:

WB -- NY028 -- 1235 01/04/93 10:23 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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