Transaction in Own Shares

Smith & Nephew Plc
21 September 2007


Smith & Nephew PLC

21 September 2007

Smith & Nephew PLC - Transaction in Own Shares

Smith & Nephew PLC announces that on 21 September 2007 it purchased 160,000
ordinary shares of US$0.20 at a price of 586.6981 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew PLC holds 37,433,000 ordinary
shares in treasury, and has 909,019,514 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary


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