Transaction in Own Shares

Smith & Nephew Plc
26 March 2007


26 March 2007


Transaction in own shares.


Smith & Nephew plc announces that on 26 March 2007 it purchased 460,000 ordinary
shares of US$0.20 each at a price of 644.9764 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 5,260,000 ordinary shares
in treasury, and has 939,990,178 ordinary shares in issue (excluding treasury
shares).


Paul Chambers
Company Secretary



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