Director Shareholding

Smith & Nephew Plc
2 October 2000


Dealings by Directors in Ordinary Shares of Smith & Nephew plc

Name of Director:             Mr Alan R Fryer

Nature of Holding:            Beneficial

Holder:                       Self

Type of transaction:          Acquisition (exercise of executive
                              share options), and disposal

Nature and extent of
Director's interest in
the transaction:              100% beneficial

Class of shares:              Ordinary shares of 12 2/9 pence each

No. of shares:                Acquired 191,000 = 0.02% of
                              issued class

                              Disposal (sale) of 191,000 = 0.02%
                              of issued class

Price:                        Acquired 191,000 at 168.23p
                              and sold 191,000 at 285p

Date of Transaction:          2 October 2000

Date Company Informed:        2 October 2000

Total holding following
this notification:            30,509 = 0.003% of issued class
                              held by director

                              26,756 = 0.0029% of issued class
                              held by spouse


P.R. Chambers
Assistant Company Secretary