Transaction in Own Shares

Smith & Nephew Plc
11 May 2007



11 May 2007

Transaction in own shares.


Smith & Nephew plc announces that on 11 May 2007 it purchased 750,000 ordinary
shares of US$0.20 each at a price of 631.6779 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 9,715,000 ordinary shares
in treasury, and has 935,876,026 ordinary shares in issue (excluding treasury
shares).



Paul Chambers
Company Secretary



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