Holding(s) in Company

Smith & Nephew Plc
13 February 2002



13 February 2002



The Secretary

London Stock Exchange

Company Announcement Office

Old Broad Street

London

EC2N 1HP




Dear Sirs,

Smith & Nephew plc has been notified today, pursuant to Section 198 of the
Companies Act 1985 (as amended), by Zurich Financial Services and its Group that
they have a notifiable interest in 28,096,394 ordinary shares of 12 2/9p each in
the Company representing 3.04% of the issued share capital of the Company.


Yours faithfully,



P.R. Chambers
Assistant Company Secretary




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