Transaction in Own Shares

Smith & Nephew Plc
23 January 2008



23 January 2008


Transaction in own shares.


Smith & Nephew plc announces that on 23 January 2008 it purchased 190,000
ordinary shares of US$0.20 each at a price of 591.3353 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 54,187,000 ordinary
shares in treasury, and has 893,577,604 ordinary shares in issue (excluding
treasury shares).




Paul Chambers
Company Secretary




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