Director/PDMR Shareholding

RNS Number : 4231U

Smith & Nephew Plc

15 October 2014

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS

SMITH & NEPHEW PLC

15 October 2014

Smith & Nephew plc (the "Company") announces that on 14 October 2014 a ratio change occurred to its NYSE-listed American Depositary Receipt ("ADR") programme. The ADR ratio changed from one ADR to five Ordinary Shares, to its now current ratio of one ADR per two Ordinary Shares. Following this change in ADR ratio, the holdings of certain Directors and persons discharging managerial responsibilities' ("PDMRs") have changed as follows:

Name:	Director / PDMR:	No. of shares before the ratio change:	Percentage of issued class held:	Total holding following change in ADR ratio:	Total percentage holdings following notification:
Michael Friedman	Director	8,882 Ordinary Shares (including 1,665 ADS')	Less than 0.01%	8,882 Ordinary Shares (including 4,162.5 ADS')	Less than 0.01%
Joseph Papa	Director	12,997 Ordinary Shares (including 2,500 ADS')	Less than 0.01%	12,997 Ordinary Shares (including 6,250 ADS')	Less than 0.01%
Jack Campo	PDMR	88,568 Ordinary Shares (including 15,044 ADS')	Less than 0.01%	88,568 Ordinary Shares (including 37,610 ADS')	Less than 0.01%
Michael Frazzette	PDMR	14,848 ADS'	Less than 0.01%	37,120 ADS'	Less than 0.01%
Gordon Howe	PDMR	14,834 ADS'	Less than 0.01%	37,085 ADS'	Less than 0.01%