Transaction in Own Shares

Smith & Nephew Plc
09 January 2008

9 January 2008


Transaction in own shares.


Smith & Nephew plc announces that on 9 January 2008 it purchased 200,000
ordinary shares of US$0.20 each at a price of 624.264 pence per share. The
purchased shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 52,532,000 ordinary
shares in treasury, and has 895,048,388 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary


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