Transaction in Own Shares

Smith & Nephew Plc
05 July 2007


5 July  2007


Transaction in own shares.


Smith & Nephew plc announces that on 5 July 2007 it purchased 500,000 ordinary
shares of US$0.20 each at a price of 627.1737 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 20,388,000 ordinary
shares in treasury, and has 925,696,361 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary


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