Transaction in Own Shares

Smith & Nephew Plc
04 January 2008

4 January 2008


Transaction in own shares.

Smith & Nephew plc announces that on 4 January 2008 it purchased 165,000
ordinary shares of US$0.20 each at a price of 581.4602 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 52,130,000 ordinary
shares in treasury, and has 895,385,488 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary


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