Transaction in Own Shares

Smith & Nephew Plc
03 January 2008

3 January 2008


Transaction in own shares.

Smith & Nephew plc announces that on 3 January 2008 it purchased 155,000
ordinary shares of US$0.20 each at a price of 580.9287 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 51,965,000 ordinary
shares in treasury, and has 895,542,881 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange