Transaction in Own Shares

Smith & Nephew Plc
12 March 2008





Smith & Nephew PLC



12 March 2008



Smith & Nephew PLC - Transaction in Own Shares



Smith & Nephew PLC announces that on 12 March 2008 it transferred 484,517
ordinary shares of US$0.20 to Abacus Corporate Trustee Limited, the Trustee of
the Smith & Nephew 2004 Employees' Share Trust. The shares will be used to
satisfy options and awards under the 2004 Senior Executive Share Plans.



The transferred shares were all formerly held as Treasury Shares.



Following the above transfer, Smith & Nephew PLC holds 57,594,483 ordinary
shares in treasury, and has 890,612,302 ordinary shares in issue (excluding
treasury shares).





Paul Chambers
Company Secretary






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