MDS Appoints Two New Directors(alueAct Capital a San Francisco-basedinv...),Health

Date:4/21/2008

alueAct Capital, a San Francisco-based investment partnership with approximately $6 billion in assets under management. ValueAct Capital is currently MDS's largest shareholder, owning approximately 19% of the Company's outstanding Common shares. Mr. Spivy currently serves on the board of directors of Adesa Holdings, Inc. and Seitel Holdings, Inc., and serves as Chairman of the Board of MSD Performance, Inc. He is also a former director of PRA International, MSC.Software Corporation and Kerr Group, Inc. As a member of the MDS Board of Directors, Mr. Spivy will serve on the Corporate Governance and Nominating Committee, and the Human Resources & Compensation Committee.

Mr. Dempsey has spent nearly his entire career with Abbott Laboratories, serving most recently as Executive Vice-President of the Pharmaceutical Products Group. In his more than 25 years of experience with Abbott, Mr. Dempsey served in a variety of roles across their pharmaceuticals, nutritionals, medical devices and hospital businesses. Mr. Dempsey will serve on the Audit Committee and the Environment, Health and Safety Committee.

In connection with Mr. Spivy's appointment to the Board, MDS entered into an agreement with ValueAct Capital that is filed with the Canadian and US Securities regulators, and will be available through the SEDAR and EDGAR websites.

About MDS

MDS is a global life sciences company that provides market-leading products and services that our customers need for the development of drugs and the diagnosis and treatment of disease. We are a leading global provider of pharmaceutical contract research, medical isotopes for molecular imaging, radiotherapeutics, and analytical instruments. MDS has more than 5,500 highly skilled people in 29 countries. Find out more at http://www.mdsinc.com or by calling 1-888-MDS-7222, 24 hours a day.

About ValueAct Capital

ValueAct Capital(R), with offices in San
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SOURCE MDS Inc. Copyright©2008 PR Newswire. All rights reserved

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