Transaction in Own Shares

Smith & Nephew Plc
28 March 2007

28 March 2007



Transaction in own shares.





Smith & Nephew plc announces that on 28 March 2007 it purchased 305,000 ordinary
shares of US$0.20 each at a price of 647.1688 pence per share. The purchased
shares will be held as treasury shares.



Following the above purchase, Smith & Nephew plc holds 5,565,000 ordinary shares
in treasury, and has 939,747,428 ordinary shares in issue (excluding treasury
shares).





Paul Chambers

Company Secretary


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