Transaction in Own Shares

Smith & Nephew Plc
04 July 2007



4 July  2007


Transaction in own shares.

Smith & Nephew plc announces that on 4 July 2007 it purchased 475,000 ordinary
shares of US$0.20 each at a price of 630.0811 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 19,888,000 ordinary
shares in treasury, and has 926,184,311 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary


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