Transaction in Own Shares

Smith & Nephew Plc
15 October 2007

15 October  2007



Transaction in own shares.


Smith & Nephew plc announces that on 15 October 2007 it purchased 240,000
ordinary shares of US$0.20 each at a price of 611.7633 pence per share. The
purchased shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 41,070,000 ordinary
shares in treasury, and has 905,457,658 ordinary shares in issue (excluding
treasury shares).




Paul Chambers
Company Secretary


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