Director Shareholding

Smith & Nephew Plc
20 February 2001


Dealings by Directors in Ordinary Shares of Smith & Nephew plc

Name of Director:             Mr Peter Hooley

Nature of Holding:            Beneficial

Holder:                       Self

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

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

No. of shares:                Acquired 80,000 = 0.009% of
                              issued class

                              Disposal (sale) of 33,171 = 0.004%
                              of issued class

Price:                        Acquired 80,000 at 134.5p
                              and sold 33,171 at 326p

Date of Transaction:          19 February 2001

Total beneficial holding
following this notification:  50,919 = 0.005% of issued class