Smiths Group plc and General Electric Company not to proceed with joint venture

London, UK, 19 September 2007 - On 21 March 2007, Smiths Group plc (Smiths) and General Electric Company (GE) announced that they had conditionally agreed to form a joint venture to be named Smiths GE Detection.  Smiths and GE now announce that, after careful consideration, they have decided not to proceed to form the joint venture as they now believe the interests of both businesses are best served by their remaining independent.

The agreement of 21 March 2007 contained conditions precedent to the formation of the joint venture.  After considerable endeavor by both parties, Smiths and GE were unable to agree on a strategic vision for the combined business, and as a result were not able to agree how to satisfy certain of these conditions.

Smiths Detection and GE Homeland Protection offer complementary products in the airports sector that are critical to the customers and markets they serve.  The parties' existing joint cooperation agreement is unaffected by today's announcement.  

Smiths Group Contacts
Investor Relations           Media
Russell Plumley              Chris Fox
+44 (0)20 8457 8203    +44 (0)20 8457 8403

About Smiths Group
Smiths is a global technology company listed on the London Stock Exchange.  A world leader in the practical application of advanced 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 more than 20,000 people in over 50 countries.  For more information visit www.smiths.com.