Pre-Close Statement

Smith & Nephew Plc 25 June 2001 25 June 2001 SMITH & NEPHEW INDICATES STRONG START TO 2001 Smith & Nephew, the global medical devices company, today provided an update ahead of the close period preceding the Interim Results announcement on 2 August 2001. The first half of 2001 has seen the completion of Smith & Nephew's three year strategic restructuring, with BSN Medical, the joint venture with Beiersdorf, coming into operation and the completion of the sale of the Ear, Nose and Throat business. There has been a strong start to the year, with positive market conditions and the group's investment in new products and its sales force accelerating underlying sales growth in the ongoing businesses to 12%. Chris O'Donnell, Chief Executive, said: 'This strong start to the year has given us the confidence that our focus on advanced medical devices is working and that our investments in new products and sales force are paying off.' Enquiries: Chris O'Donnell Tel: +44 (0) 20 7401 7646 Smith & Nephew plc Peter Hooley Tel: +44 (0) 20 7401 7646 Smith & Nephew plc Margaret Stewart Tel: +44 (0) 20 7401 7646 Smith & Nephew plc David Yates Tel: +44 (0) 20 7831 3113 Financial Dynamics
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