Director Shareholding

Smith & Nephew Plc
08 June 2004




8 June 2004



The Secretary
London Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP



Dear Sirs,

We have been notified today that Peter Hooley, a director of Smith & Nephew plc,
has acquired 11 Ordinary shares of 12 2/9 pence each in the Company, through the
re-investment of a dividend, paid on 14 May 2004, through an ISA. Each share was
purchased at 574 pence on 19 May 2004.

Peter Hooley now has a beneficial interest in 129,605 Ordinary shares being
0.014% of the issued share capital of the Company.



Yours faithfully,







P.R. Chambers
Company Secretary




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