Transaction in Own Shares

Smith & Nephew Plc
14 February 2008

14 February 2008



Transaction in own shares.



Smith & Nephew plc announces that on 14 February 2008 it purchased 225,000
ordinary shares of US$0.20 each at a price of 674.0667 pence per share. The
purchased shares will be held as treasury shares.



Following the above purchase, Smith & Nephew plc holds 56,409,000 ordinary
shares in treasury, and has 891,630,650 ordinary shares in issue (excluding
treasury shares).





Paul Chambers

Company Secretary


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