Director Shareholding

Smith & Nephew Plc
8 November 2000



Dealings by Directors in Ordinary Shares of Smith & Nephew plc

Name of Director:             Mr Christopher J. O'Donnell

Nature of Holding:            Beneficial

Holder:                       Self

Type of transaction:          Acquisition (exercise of executive
                              share options), and disposal

Class of shares:              Ordinary shares of 12 2/9 pence each

No. of shares:                Acquired 190,000 = 0.02% of
                              issued class

                              Disposal (sale) of 95,000 = 0.01%
                              of issued class

Price:                        Acquired 190,000 at 151.71p
                              and sold 95,000 at 305p

Date of Transaction:          8 November 2000

Total beneficial holding
following this notification:  111,257 = 0.01% of issued class