Smith & Nephew PLC announces Transaction in Own Shares

4 February 2008



Transaction in own shares.


Smith & Nephew plc announces that on 4 February 2008 it purchased 190,000
ordinary shares of US$0.20 each at a price of 641.7149 pence per share. The
purchased shares will be held as treasury shares.


Following the above purchase, Smith & Nephew plc holds 55,329,000 ordinary
shares in treasury, and has 892,553,703 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary


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