Director Shareholding

Smith & Nephew Plc
22 February 2001



Dealing by Directors in Ordinary shares of Smith & Nephew plc

We have been notified on 21 February 2001 that Sir Timothy
Lankester, a director of the Company, acquired on the 21
February 2001 by re-investment, through a non-discretionary
single company PEP, a further 6 ordinary shares at a price of
325 pence each.  His total holding following this notification
is 5,917 shares (0.0006% of the issued class).