Transaction in Own Shares

Smith & Nephew Plc
02 January 2008



2 January 2008


Transaction in own shares.

Smith & Nephew plc announces that on 2 January 2008 it purchased 160,000
ordinary shares of US$0.20 each at a price of 583.6103 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 51,810,000 ordinary
shares in treasury, and has 895,699,475 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary




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