Transaction in Own Shares

Smith & Nephew Plc
23 July 2007

23 July  2007



Transaction in own shares.



Smith & Nephew plc announces that on 23 July 2007 it purchased 500,000 ordinary
shares of US$0.20 each at a price of 610.1888 pence per share. The purchased
shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 26,933,000 ordinary
shares in treasury, and has 919,348,584 ordinary shares in issue (excluding
treasury shares).




Paul Chambers
Company Secretary


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