Directors' Notification of Dealing in Shares

Smith & Nephew Plc
17 August 2000


Letter to:  Company Announcements Office

Dealing by Directors in Ordinary shares of Smith & Nephew plc

We have been notified today that Sir Timothy Lankester, a
director of the Company, acquired on the 16 August 2000 by
re-investment, through a non-discretionary single company PEP,
of the dividend paid on 11 August 2000, a further 520 ordinary
shares at a price of 275 pence each.  His total holding
following this notification is 5,899 shares (0.0006% of the
issued class).


Letter from:  Smith & Nephew plc
P.R. Chambers
Assistant Company Secretary