Holding in Company

Smith & Nephew Plc
15 September 2000


The Company has been notified on 15 September 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 45,549,088 ordinary shares of 12 2/9p
each in the Company representing 4.98% of the issued share
capital of the Company.

P.R. Chambers
Assistant Company Secretary