Dividend Declaration

Smiths Group PLC
25 June 2007



Smiths Group - Return of Cash - Single B Share Dividend


A dividend of 365 pence per B Share has been declared by a committee of the
Board in respect of those B Shares for which elections or deemed elections have
been made by Shareholders for the Single B Share Dividend, as announced by the
Company on 22 June 2007.

It is expected that Shareholders receiving the Single B Share Dividend will
either be sent cheques or have their nominated bank accounts credited in
accordance with existing mandate instructions or have their CREST accounts
credited (as appropriate) in respect of such Single B Share Dividend on 28 June
2007.

Following payment of the Single B Share Dividend, those B Shares on which the
Single B Share Dividend has been paid will be converted into Deferred Shares
which will have negligible value and which may be purchased by the Company for
an aggregate consideration of one penny. It is expected that the Deferred Shares
will be purchased by the Company on 28 June 2007.

Terms defined in the Circular to Shareholders dated 16 May 2007 have the same
meaning when used in this announcement.



For further information:

Smiths Group plc:                              020 8458 3232
Russell Plumley


JPMorgan Cazenove:                             020 7588 2828
Edmund Byers
Matthew Lawrence


Credit Suisse Securities (Europe) Limited:     020 7888 8888
James Leigh-Pemberton
Alex Phillips



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.

Credit Suisse Securities (Europe) 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 Credit Suisse
Securities (Europe) Limited, or for providing advice in relation to the Return
of Cash.





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