Director/PDMR Shareholding

Smith & Nephew Plc
08 May 2006


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).


(1)      An issuer making a notification in respect of a transaction relating 
         to the shares or debentures of the issuer should complete boxes 1 to 
         16, 23 and 24.
(2)      An issuer making a notification in respect of a derivative relating the 
         shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 
         and 24.
(3)      An issuer making a notification in respect of options granted to a 
         director/person discharging managerial responsibilities should complete 
         boxes 1 to 3 and 17 to 24.
(4)      An issuer making a notification in respect of a financial instrument 
         relating to the shares of the issuer (other than a debenture) should 
         complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



Please complete all relevant boxes should in block capital letters.



1. Name of the issuer

Smith & Nephew plc



2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)



(i) a transaction notified in accordance with DR 3.1.4R(1)(a)



3. Name of person discharging managerial responsibilities/director

Peter Huntley



4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

N/A...... ..............................



5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

Mr Peter Huntley...........................



6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of US 20 cents each...........................



7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

Mourant & Co Trustees Limited...........................



8 State the nature of the transaction

Exercise and sale of nil cost options under Long Term Incentive Plan (LTIP)



9. Number of shares, debentures or financial instruments relating to shares
acquired

84,736....................................



10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

Less than 0.01%...........................



11. Number of shares, debentures or financial instruments relating to shares
disposed

84,736....................................



12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

Less than 0.01%...........................



13. Price per share or value of transaction

436.34 pence.....................



14. Date and place of transaction

05 May 2006



15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

11,701 ordinary shares of US 20 cents each. Total percentage holding of 0.001%.



16. Date issuer informed of transaction

05 May 2006



If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes



17 Date of grant





18. Period during which or date on which it can be exercised





19. Total amount paid (if any) for grant of the option





20. Description of shares or debentures involved (class and number)





21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise





22. Total number of shares or debentures over which options held following
notification

Following exercise and sale of Nil Cost Options, Peter Huntley retains 148,526
Nil Cost Options under the LTIP.



23. Any additional information

As Trustees of the Smith & Nephew Employees' Share Trust, Mourant & Co Trustees
Ltd now holds 1,303,280 shares representing 0.14% of the shares of the Company
following the exercise and sale of the 84,736 shares by Peter Huntley. The Trust
is discretionary and all employees and the executive directors are potential
beneficiaries and therefore have an interest in the shares.



24. Name of contact and telephone number for queries



Phil Higgins -Assistant Company Secretary - 020 7960 2228



Name and signature of duly authorised officer of issuer responsible for making
notification



Phil Higgins - Assistant Company Secretary



Date of notification



08 May 2006

END




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