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MDS Announces CEO Transition Plan
Date:9/17/2009

ore strengths in medical isotopes for molecular and diagnostic imaging, radiotherapeutics and sterilization technologies."

"I am excited about the opportunity to lead MDS as it enters a new chapter in its evolution," said Steve West. "Together with our team of talented employees, I look forward to continuing to address the challenges we face and to focus on opportunities to build the business."

Strategic Repositioning of MDS

On September 2, 2009, MDS announced that it had entered into an agreement to sell its MDS Analytical Technologies business, a leading global supplier of drug discovery and life sciences research tools, to Danaher Corporation (NYSE: DHR) for $650 million in cash, and that it currently intends to return approximately $400 million to $450 million of the sale proceeds to its shareholders. The completion of the sale is subject to shareholder and regulatory approval, and other closing conditions.

The Company also announced that it intends to sell its MDS Pharma Services business, a leading provider of innovative drug discovery and early-stage development solutions for pharmaceutical and biotechnology companies. Assuming completion of the sale of MDS Analytical Technologies and MDS Pharma Services, MDS will remain as a publicly traded entity consisting solely of the MDS Nordion business.

These decisions follow a comprehensive strategic review by a Special Committee of independent Directors working with Management and financial and legal advisors. The MDS Inc. Board of Directors believes the actions announced are in the best interests of the Company and its shareholders, and unanimously recommends that shareholders vote in favor of the sale of MDS Analytical Technologies.

To approve the sale of MDS Analytical Technologies, a Special Meeting of Shareholders will be hel
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SOURCE MDS Inc.
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