Transaction in Own Shares

Smith & Nephew Plc
20 November 2007


Smith & Nephew PLC


20 November 2007

Smith & Nephew PLC - Transaction in Own Shares

Smith & Nephew PLC announces that on 20 November 2007 it purchased 340,000
ordinary shares of US$0.20 at a price of 573.898 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew PLC holds 48,620,000 ordinary
shares in treasury, and has 898,698,403 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary


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