Holding in Company

Smith & Nephew Plc
13 November 2001


13 November 2001


The Secretary
London Stock Exchange
Company Announcement Office
Old Broad Street
London
EC2N 1HP


Dear Sirs,

Smith & Nephew plc has been notified on 13 November 2001
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 74,969,262 ordinary shares
of 12 2/9p each in the Company representing 8.1% of the
issued share capital of the Company.


Yours faithfully,



P.R. Chambers
Assistant Company Secretary