Transaction in Own Shares

Smith & Nephew Plc
13 August 2007



Smith & Nephew PLC



13 August 2007



Smith & Nephew PLC - Transaction in Own Shares



Smith & Nephew PLC announces that on 13 August 2007 it transferred 55,000
ordinary shares of US$0.20 to Abacus Corporate Trustee Limited, the Trustee of
the Employees' Share Trust. The shares will be used to satisfy awards under the
1997 Long Term Incentive Plan.

The transferred shares were all formerly held as Treasury Shares.

Following the above transfer, Smith & Nephew PLC holds 31,103,000
ordinary shares in treasury, and has 915,249,749 ordinary shares in issue
(excluding treasury shares).


Paul Chambers
Company Secretary



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