Transaction in Own Shares

Smith & Nephew Plc
12 March 2008

12 March 2008


Transaction in own shares.

Smith & Nephew plc announces that on 12 March 2008 it purchased 150,000 ordinary
shares of US$0.20 each at a price of 625.9175 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 57,744,483 ordinary
shares in treasury, and has 890,462,302 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary


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