Transaction in Own Shares

Smith & Nephew Plc
21 March 2007


21 March 2007


Transaction in own shares.


Smith & Nephew plc announces that on 21 March 2007 it purchased 650,000 ordinary
shares of US$0.20 each at a price of 644.5155 pence per share. The purchased
shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 3,560,000 ordinary shares
in treasury, and has 941,519,603 ordinary shares in issue (excluding treasury
shares).


Paul Chambers

Company Secretary


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