Cover Page To Our Shareholders Issues and Answers: Contributions That Count Enterprise Profile Financials Summary Financial Review Report of Management Report of Ernst & Young LLP, Independent Auditors Financial Statements Notes to Consolidated Financial Statements Corporate Information Board of Directors and Officers

Issues and answers:         contributions that count Professionals in every sector of the worldwide healthcare community –from scientists in leading research laboratories to frontline service providers–are seeking answers to serious issues affecting large patient populations. BD is committed to an important role in this never-ending effort. Our research, technology, products and services are making contributions that count in the lives of billions of people the world over–including yours. THE ISSUE Today, there are pervasive and serious issues–such as immune system disorders, diabetes and bioterrorism–that are global in scope, burdensome to society and potentially devastating to human life. OUR EXPERTISE There are clear linkages between significant worldwide healthcare issues and BD’s core competencies. Our expertise resides in many individual fields, but we are focused and disciplined in our approach. OUR CONTRIBUTION BD is responding to major healthcare issues with innovative technologies and new generations of products. As a result, we’re making measurable progress in our businesses and meaningful contributions to society.