Transaction in Own Shares

Smith & Nephew Plc
29 March 2007



29 March 2007

Transaction in own shares.


Smith & Nephew plc announces that on 29 March 2007 it purchased 445,000 ordinary
shares of US$0.20 each at a price of 648.595 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 6,010,000 ordinary shares
in treasury, and has 939,315,153 ordinary shares in issue (excluding treasury
shares).



Paul Chambers
Company Secretary




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