Holding in Company

Smith & Nephew Plc
27 July 2000


The Company has been notified on 27 July 2000 pursuant to
Section 198 of the Companies Act 1985 (as amended), by
FMR Corp and Fidelity International Limited that they have
a notifiable interest in 49,174,467 ordinary shares of 10p
each in the Company representing 4.4% of the issued share
capital of the Company.