ServicePower Technologies : SMITHS LAUNCHES 10 YEAR EUR650m BOND OFFERING

News Release

London, 16 February 2017

For immediate release

SMITHS GROUP PLC LAUNCHES 10 YEAR €650m BOND OFFERING

Smiths Group plc (the 'Company') today confirms the launch and pricing of a €650m bond offering (the 'Notes'), pursuant to the Company's €2.5bn Euro Medium Term Note Programme, for general corporate funding purposes and to repay certain existing debt as it falls due.

The Notes, priced with a fixed coupon of 2.00%, will have a maturity in February 2027 and are expected to close on 23 February 2017. The Notes will be issued by the Company, guaranteed by Smiths Group International Holdings Limited, and will rank pari passuwith all its other existing unsecured indebtedness.

Chris O'Shea, Chief Financial Officer, said: 'I am delighted this 10 year bond issue was heavily oversubscribed by a wide range of quality long-term investors in our business. Building on the very successful 8 year bond issue in 2015, this refinancing further extends our debt maturity profile and reaffirms the strength of our balance sheet.'

ENDS

Contact details

Investor enquiries

Andrew Lappin, Smiths Group

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[phone]

[e-mail]

Marion Le Bot, Smiths Group

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[phone]

[e-mail]

Media enquiries

Andrew Lorenz, FTI Consulting

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Smiths is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A world leader in the practical application of technologies, Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Our products and services make the world safer, healthier and more productive. Smiths Group employs 22,000 people in over 50 countries. For more information visitwww.smiths.com.