Transaction in Own Shares

Smith & Nephew Plc
18 March 2008


18 March 2008


Transaction in own shares.


Smith & Nephew plc announces that on 18 March 2008 it purchased 200,000 ordinary
shares of US$0.20 each at a price of 604.9249 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 58,244,483 ordinary
shares in treasury, and has 889,986,114 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary



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