Transaction in Own Shares

Smith & Nephew Plc
04 May 2007

4 May 2007



Transaction in own shares.



Smith & Nephew plc announces that on 4 May 2007 it purchased 600,000 ordinary
shares of US$0.20 each at a price of 625.5586 pence per share. The purchased
shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 7,040,000 ordinary shares
in treasury, and has 938,488,069 ordinary shares in issue (excluding treasury
shares).




Paul Chambers
Company Secretary


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