1 | Financial data as of May 2010 Medical Supplies

2 | Financial data as of May 2010 Vision We will be the best performing “Supplies” company in the Medical Device Industry. Mission Statement We will grow our business by delivering quality healthcare products with great value. This will be accomplished while maintaining a high level of profitability through world class operational efficiencies, commitment to customer satisfaction, and the growth and development of our employees.

3 | Financial data as of May 2010 Medical Supplies has… A culture of winning, based upon the integrity, performance, and accountability of our people. We can and will affect the lives of our employees, our partners, and our customers.

4 | Financial data as of May 2010 Medical Supplies Marketplace Dynamics Our competitors basically fall into two different classes –BD, Bard, 3M, Hospira, Welch-Allyn or Private Label offerings from distributors such as Medline, Cardinal, McKesson, PSS Care providers are continually looking to drive down their controllable costs Large IDN customers are looking to be treated outside of any GPO affiliation and sometimes outside of typical distribution channels Migration of care to lower costs settings continues → Homecare, SurgiCenters We continue to sell value beyond price in many commoditized markets

5 | Financial data as of May 2010 Medical Supplies-Strengths Sales expertise Channel partners Efficient supply chain Quality products / Brand preference New product pipeline

6 | Financial data as of May 2010 Medical Supplies Overview  2009 Net Sales: $1.7B  Leading provider of a broad range of high quality products used to improve patient care, including traditional wound care, incontinence, SharpSafety diagnostic and monitoring electrodes, operating room kits and accessories  #1 or #2 market positions across core product categories Nursing Care Medical Surgical Original Equipment Manufacturer 2009 Sales by Product Group SharpSafety 12% 45% 19% 24%

7 | Financial data as of May 2010 Revenue by Care Setting Hospital Extended Care Home Care Physician Office Ambulatory

8 | Financial data as of May 2010 Medical Supplies Broad portfolio of leading brands: Kendall, Curity, Devon, Medi-trace, Kangaroo, Monoject, Magellan Strong field sales presence Strong brand name recognition and leadership positions Clinically strong sales force Solid clinician relationships Product innovation Products are differentiated based on quality and innovation and are preferred by clinicians Wound Care Incontinent Care Open Suction Urology Enteral Feeding/ GI Access Competitive Advantages Nursing Care Key Products OR and Positioning and Essentials Peri-natal Electrodes and Paper Chemo Safety Collection Systems Monitoring & OR Products Leading provider of a broad range of high quality products used to improve patient care ISO certified design services World class manufacturing Custom drug delivery devices Custom Product Solutions (OEM) Needles & syringes PreFill flush syringes Sharps disposal SharpSafety

9 | Financial data as of May 2010 Wound Care Incontinence Care Open Suction Enteral Feeding/ GI Urology Nursing Care

10 | Financial data as of May 2010 Needles & Syringes Sharps Disposal Prefilled Syringes/IV Access SharpSafety

11 | Financial data as of May 2010 Monitoring & OR OR Products Peri-natal Electrodes & Recording Chart Paper Chemotherapy Protection & Safety Collection Systems

12 | Financial data as of May 2010 Custom Product Solutions (OEM) ISO certified design services and world class manufacturing are combined to develop and deliver high quality, custom medical and drug delivery devices built to meet customer specifications, budget and schedule. Manufacturing Capabilities Injection Molding Extrusion Hydrogel Mixing and Formulation RF Welding Bottle/Syringe Filling Custom Converting Laminating Ultrasonic Welding Die Cutting Textile Converting Electrode Assembly Electronic PCB Assembly Suture Braiding/Monofilaments Rigid and Flexible Packaging Silicone Molding Absorbable and Non-Absorbable Polymers High-Speed Assembly Kit Manufacturing Customer Support Services Chemical Testing Prototyping Biocompatibility Testing Design Validation Project Management Sterilization Design for Manufacturing Design Services

Covidien: Corporate Overview