Director Shareholding

Smith & Nephew Plc
26 April 2002


26 April 2002


The Secretary

London Stock Exchange

Company Announcement Office

Old Broad Street

London

EC2N 1HP



Dear Sirs,

We have been notified today that Sir Timothy Lankester, a director of the
Company, acquired on 24th April 2002 5 ordinary shares of 122/9p each through a
non-discretionary single company PEP, at a price of 392.5p. He now holds 6,040
shares representing 0.00065% of the issued share capital.

Yours faithfully,


J.V. Sutton

Assistant Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange