Director/PDMR Shareholding

RNS Number : 2719U

Smiths Group PLC

19 December 2011

Smiths Group plc
DTR 3.1.4R(1)

Notification of Transaction of Directors, Persons Discharging Managerial Responsibility or Connected Persons

Smiths Group plc ("the Company") announces that, following the approval of the Smiths Group Long Term Incentive Plan 2011 ("the Plan") at the 2011 Annual General Meeting of the Company, awards over ordinary shares of 37.5p each in the Company ("Shares") were granted under the Plan on 16 December 2011 to Directors and persons discharging managerial responsibility ("PDMRs") as set out below.

Full details of the Plan are set out in the Notice of AGM dated 21 October 2011 (the "Notice"). The vesting of all awards will be dependent upon the satisfaction of stretching performance conditions that are aligned to the strategic objectives of the Group and will be measured over three financial years commencing 1 August 2011.

For participants with group-wide responsibilities vesting will be dependent on achievement of three separate performance conditions: relative total shareholder return (30% of the award), growth in earnings per share (50% of the award) and cash conversion (20% of the award), as further set out in the Notice.

Details of the awards under the Plan are as follows (the number of shares stated being the maximum available on full vesting):

Director/PDMR	Shares under award
Philip Bowman (Director)	275,321
Peter Turner (Director)	89,535
Michael Herlihy	50,363
Brian Jones	43,648
Terry Nolan	38,472
Mark Reckitt	41,969

For participants with divisional responsibilities, the vesting will be dependent upon three separate performance conditions relating to the participant's division: underlying revenue growth, operating margin and cash conversion.

Details of the awards under the Divisional Plans are as follows (the number of shares stated being the maximum available on full vesting):

PDMR	Shares under award
Paul Cox (John Crane)	45,195
Mal Maginnis (Detection)	27,979
Ralph Phillips (Interconnect)	28,925
Srini Seshadri (Medical)	45,195
Tedd Smith (Flex Tek)	41,384