Holding in Company

Smith & Nephew Plc
8 December 2000


Smith & Nephew plc has been notified on 8 December 2000
pursuant to Section 198 of the Companies Act 1985 (as
amended), by Scudder Threadneedle Investments Limited that
they have a notifiable interest in 29,210,618 ordinary shares
of 12 2/9p each in the Company representing 3.18% of the
issued share capital of the Company.