Agilent Technologies Completes $4.466 Billion Stock Repurchase Program Ahead of Schedule.

PALO ALTO, Calif. -- Agilent Technologies Inc. (NYSE:A) announced today that it has completed its $4.466 billion stock repurchase program, ahead of its previously projected year-end schedule. Since announcing the buyback program on Aug. 15, 2005, Agilent acquired approximately 125 million shares of its common stock. Upon completion of the stock repurchase program on June 19, 2006, the company had approximately 408 million shares outstanding, excluding stock options and unvested restricted shares. Agilent expects to report approximately 430 million average shares outstanding on a fully diluted basis during its third quarter ending July 30, 2006.

The stock repurchase program was authorized by the company's board of directors concurrently with Agilent's sale of its semiconductor-related businesses. "We are pleased to be able to complete the program ahead of schedule," said Bill Sullivan, Agilent's president and CEO. "As we move forward, we will continue to review the various opportunities for the use of cash generated from operations with the objective of increasing shareholder value."

About Agilent Technologies

Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal 2005. Information about Agilent is available on the Web at www.agilent.com.

Forward-Looking Statements 

This news release contains forward-looking statements, as defined in the Securities Exchange Act of 1934 and subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Agilent's stock repurchase program, its shares outstanding and the uses of cash and enhancement of shareholder value planned by Agilent.

These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, risks associated with option exercises, the need to deploy its cash resources for operational and development objectives within the company and the general development of Agilent's overall strategic objectives, including issuances of common stock by Agilent.

In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles while it continues to implement cost reductions; the ability to meet and achieve the benefits of its cost-reduction goals and otherwise successfully adapt its cost structures to continuing changes in business conditions; ongoing competitive, pricing and gross margin pressures; the risk that our cost-cutting initiatives will impair our ability to develop products and remain competitive and to operate effectively; the impact of geopolitical uncertainties on our markets and our ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix and other risks detailed in Agilent's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the period ended October 31, 2005 and its Quarterly Report on Form 10-Q for the period ended April 30, 2006. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.

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