Transaction in Own Shares

Smith & Nephew Plc
26 July 2007

26 July  2007



Transaction in own shares.





Smith & Nephew plc announces that on 26 July 2007 it purchased 450,000 ordinary
shares of US$0.20 each at a price of 596.0468 pence per share. The purchased
shares will be held as treasury shares.



Following the above purchase, Smith & Nephew plc holds 28,558,000 ordinary
shares in treasury, and has 917,725,584 ordinary shares in issue (excluding
treasury shares).





Paul Chambers

Company Secretary


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