AGM Statement

Smiths Industries PLC
14 November 2000


SMITHS INDUSTRIES ANNUAL GENERAL MEETING,
CHAIRMAN'S STATEMENT

Speaking at the AGM held at 12:00 noon today at the company's HQ, Keith
Orrell-Jones, Chairman of Smiths Industries said:

'With respect to the current trading of the company, I can confirm, as
indicated in the documentation sent to shareholders on 20th October, that the
growth in sales and profits recorded last year has continued satisfactorily in
the current financial year to date, and the directors are confident that the
outcome for the year to July 2001 will be satisfactory.

'As mentioned earlier, this is not the occasion for me to comment on the
proposed merger with TI Group. However, I can also confirm that the process
for bringing the two companies together, which is subject - of course - to
shareholder approval, is proceeding in accordance with the timetable outlined
in the documents you have received on this matter.'


Issued by: Richard Bayliss
Tel: [phone]