Disposal

Smiths sells Lodge business to Meggitt

Smiths Group has sold its Lodge business, making aero engine sensors, transducers and industrial igniters, to Meggitt
PLC, for £33 million in cash.

Commenting on the disposal, Keith Butler-Wheelhouse, chief executive of Smiths, said:  'The sale of Lodge is a logical
step in the improvement of our strategic focus.  The proceeds from this and other non-core disposals will help to fund
future acquisitions in the high growth sectors we have targeted.  The disposal follows our recent acquisition of
Heimann, the leading Detection business and is in line with our policy of matching buys and sells where possible.'

Smiths Group has market leading positions in aerospace systems, medical devices, mechanical and polymer seals, and
interconnect products.

For further information, visit www.smiths-group.com

Press enquiries to:

Smiths Group
Bernard Carey              020 8457 8403

Brunswick
Harry Chathli                020 7404 5959