H1 2006 Re-presentation

Smiths Group PLC
16 March 2007

H1 2006 Re-presentation

On Wednesday, 21 March Smiths Group plc will publish its 2007 Interim Results.
Following the decision to sell its Aerospace businesses, these results will
distinguish between the continuing and discontinued activities.  To assist
comparison with the prior period, Smiths is providing below a re-presentation of
the comparative figures for the six months ended 31 January 2006.

Smiths Group: 2006 Interim Results

£m                                                        As published                Re-presented
                                                            March 2006                  March 2007
Sales

             Aerospace                                             559                           -
             Medical                                               355                         355
             Detection                                             171                         171
             Specialty Engineering                                 504                         481
                     of which, John Crane                          245                         245
                                                                 _____                       _____
Total:                         Continuing                        1,590                       1,007
                               Discontinued                          -                         583

Headline operating profit

             Aerospace                                              43                           -
             Medical                                                61                          59
             Detection                                              25                          24
             Specialty Engineering                                  64                          56
                     of which, John Crane                           29                          27
                                                                 _____                       _____
Total:                         Continuing                          194                         139
                               Discontinued                          -                          57
                                                                 _____                       _____
                                                                     -                         196

Interest:                      Continuing                         (27)                        (26)
                               Discontinued                          -                         (1)

Pensions financing:            Continuing                           16                          12
                               Discontinued                          -                           2
                                                                 _____                       _____
Headline PBT:                  Continuing                          183                         125
                               Discontinued                          -                          58
                                                                 _____                       _____
                                                                     -                         183

Headline EPS (p) :             Continuing                        24.0p                       16.3p
                               Discontinued                          -                        7.7p
                                                                 _____                       _____
                                                                     -                       24.0p



The re-presentation incorporates: the reallocation of pensions administration
costs from operating profit to pensions financing to be consistent with that
used at 5 August 2006 and, in connection with the disposal, the transfer of
Smiths Aerospace and the TMS unit of Specialty Engineering to discontinued
operations and the reallocation of corporate overhead not chargeable to
discontinued activities.

                                      -o-


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