Result of B share election

Smiths Group PLC
22 June 2007


Smiths Group plc - Return of Cash - Results of Elections

Not for release, publication or distribution in whole or in part into the United
States, Canada, Australia and New Zealand.

The Return of Cash, which was approved by Shareholders at the EGM of Smiths
Group plc held on 11 June 2007, provided Shareholders with three choices in
relation to their B Shares. As at the close of the Election Period, being 3:00
p.m. on 21 June 2007, the results of the elections were as follows:
     
     •    elections or deemed elections to receive the Single B Share Dividend 
          were made in relation to 348,205,433 B Shares (60.29 per cent. of the 
          issued B Shares);

     •    elections to accept the Initial Purchase Offer were received in 
          relation to 224,439,118 B shares (38.86 per cent. of the issued B 
          Shares); and

     •    elections to retain B Shares were received in relation to 4,926,594 B 
          Shares (0.85 per cent. of the issued B Shares).

It is expected that JPMorgan Cazenove, acting as principal, will, on 25 June
2007, make the Initial Purchase Offer to purchase 224,439,118 B Shares in
respect of which valid elections have been received from Shareholders.

It is also expected that on 25 June 2007 Smiths will declare the Single B Share
Dividend of 365 pence per B Share payable to those Shareholders who have, or who
are deemed to have, elected to receive the Single B Share Dividend.

Settlement of the Initial Purchase Offer and the Single B Share Dividend for
Shareholders is expected to be made on 28 June 2007.

Terms defined in the circular from Smiths to its Shareholders dated 16 May 2007
have the same meaning when used in this announcement.


For further information:

Smiths:                                         020 8458 3232
Russell Plumley (Investors)
Chris Fox (Press)

JPMorgan Cazenove:                              020 7588 2828
Edmund Byers
Matthew Lawrence

Credit Suisse:                                  020 7888 8888
James Leigh-Pemberton
Tristan Lovegrove

JPMorgan Cazenove Limited, which is authorised and regulated in the United
Kingdom by the FSA, is acting for Smiths and no-one else in connection with the
Return of Cash and will not be responsible to anyone other than Smiths for
providing the protections afforded to clients of JPMorgan Cazenove Limited or
for providing advice in relation to the Return of Cash.

No offer to purchase B Shares is being or will be made in any territory where it
is illegal to do so by Smiths or JPMorgan Cazenove Limited or any person acting
on behalf of either of the foregoing.


                      This information is provided by RNS
            The company news service from the London Stock Exchange