Transaction in Own Shares

Smith & Nephew Plc
01 October 2007

1 October  2007



Transaction in own shares.



Smith & Nephew plc announces that on 1 October 2007 it purchased 250,000
ordinary shares of US$0.20 each at a price of 598.0247 pence per share. The
purchased shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 38,633,000 ordinary
shares in treasury, and has 907,843,014 ordinary shares in issue (excluding
treasury shares).




Paul Chambers
Company Secretary


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