Transaction in Own Shares

Smith & Nephew Plc
18 October 2007

18 October  2007


Transaction in own shares.


Smith & Nephew plc announces that on 18 October 2007 it purchased 240,000
ordinary shares of US$0.20 each at a price of 612.6398 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 41,790,000 ordinary
shares in treasury, and has 904,741,508 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary



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