Holding in Company

Smith & Nephew Plc
21 August 2000


The Company has been notified on 18 August 2000 pursuant to
Section 198 of the Companies Act 1985 (as amended), by
Sanford C. Bernstein & Co. Inc. that they have a notifiable
interest in 50,534,280 ordinary shares of 12 2/9p each in the
Company representing 5.52% of the issued share capital of the
Company.


P.R. Chambers
Assistant Company Secretary