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MDS Announces Strategic Repositioning
Date:9/2/2009

g actions announced today will be treated as a subsequent event for financial reporting purposes in the third quarter of 2009.

Conference Call

MDS will hold a conference call today at 8:00 a.m. EDT to discuss this morning's announcement. The call will be Webcast live at www.mdsinc.com and will also be available in archived format at http://www.mdsinc.com/investors/webcasts_presentations.asp after the call.

Advisors

In connection with the transaction, Goldman, Sachs Co., and RBC Capital Markets are acting as financial advisers to MDS, and Blair Franklin Capital Partners Inc. are acting as financial advisers to MDS's Board of Directors. Skadden, Arps, Slate, Meagher Flom LLP and Fasken Martineau DuMoulin LLP are acting as legal counsel to MDS. In addition, Goodmans LLP is acting as legal counsel to MDS's Board of Directors.

Sale Agreement

The full text of the Sale Agreement for the sale of the MDS Analytical Technologies business will be available shortly at www.sedar.com and www.sec.gov/edgar.shtml.

Transaction Conditions

The transaction is subject to various conditions to closing, including the affirmative vote of at least 66 2/3% of the shareholders casting votes on the transaction, regulatory approvals, the concurrent closing of the Life transaction and other customary closing conditions. In addition, the Company has the right to terminate the Sale Agreement if, among other things, holders of more than 15% of the Company's outstanding common shares have validly exercised their
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