Holding in Company

Smith & Nephew Plc
16 November 2000



Smith & Nephew plc has been notified on 16 November 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 34,667,761 ordinary shares
of 12 2/9p each in the Company representing 3.78% of the
issued share capital of the Company.