Transaction in Own Shares

Smith & Nephew Plc
03 July 2007



3 July  2007



Transaction in own shares.

Smith & Nephew plc announces that on 3 July 2007 it purchased 570,000 ordinary
shares of US$0.20 each at a price of 626.2291 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 19,413,000 ordinary
shares in treasury, and has 926,647,811 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary


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