Our ADR programme

What is an ADR?
An American Depositary Receipt ("ADR") is a physical certificate evidencing ownership of American Depositary Shares ("ADSs"). The term is often used to refer the ADRs themselves.

What is an ADR ratio?
The ADR ratio gives the number of foreign shares represented by one ADR. The ratio is typically depicted as, for example, "1:3", meaning that one ADR represents three foreign shares. For Smiths Group, the ADS ratio is 1:1 i.e. one ADR represents one Smiths Group PLC ordinary shares.

Who is the depositary bank for Smiths ADRs?
JP Morgan. The depositary bank plays a key role in the process of issuance and cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US. dollars.

What are the benefits of ADRs to US investors?
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US. market conventions. One of ADRs’ main advantages is the facilitation of diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.

How do I receive dividends from my ADRs?
If you are a holder of Smiths Group ADRs, you will receive dividends in US dollars based on the number of ADRs you hold on the dividend’s record date. J.P. Morgan will publish the record date in advance.

Can I have my dividends directly deposited?
Yes, you can automatically request the direct deposit of your dividends.

How often are dividends paid?
Dividends on ADRs are usually paid twice per year, in February and August.

How can I find the ADS price?
Price quotes for Smiths Group’s ADSs can be found on this website or you can visit JPMorgan's website www.adr.com. Alternatively, financial publications that quote US share prices will display Smiths Group’s ADR price as well. For the most up-to-date information ask your broker or consult a service that offers quotes.

How can I check my shareholdings?
Beneficial holders will need to contact their broker. Registered holders may call Smiths Group’s ADR depositary bank, JPMorgan, on +1 800-990-1135 or write to them at

JPMorgan Chase Bank, N.A.
4 New York Plaza, Floor 12
New York, NY 1004

How can I buy and sell Smiths Group ADRs?
You can buy and sell Smiths Group ADSs through any broker licensed to buy and sell US securities.

Where do Smiths Group ADRs trade?
The ADRs trade over-the-counter. This means that they are not listed on the NYSE or Nasdaq, but rather are exchanged through brokers and other investment advisors.

How can I buy an ADR?
You can buy an ADR through a broker just as you would a US security.

Can I purchase ADRs directly from Smiths?
No

How do I convert my ordinary shares into ADRs?
Converting ordinary shares into ADRs must be done through a broker or an investment advisor.

How are ADR dividends paid and taxed?
Dividends are paid in US dollars and are generally taxable like dividends on US shares. In addition, taxes may be withheld by the ADR Company’s local government. Depending on individual circumstances, foreign taxes withheld might be applied as credit against US taxes or tax reclaim opportunities may be offered.

Further information
For further information on this programme, visit the Smiths profile on the JP Morgan ADR website

Contact details
All enquiries on ADR holdings should be made to:
 
JPMorgan Chase Bank, N.A.
4 New York Plaza, Floor 12
New York, NY 1004
 
JPMorgan Service Center
+1 800-990-1135
 
ADR Settlements
+1 212 552 8926
 
Email adr@jpmorgan.com
Website www.adr.com.