Transaction in Own Shares

Smith & Nephew Plc
25 January 2008


25 January 2008

Transaction in own shares.

Smith & Nephew plc announces that on 25 January 2008 it purchased 160,000
ordinary shares of US$0.20 each at a price of 616.0162 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 54,507,000 ordinary
shares in treasury, and has 893,265,160 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary


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