Director Shareholding

Smith & Nephew Plc
1 May 2002



1 May 2002

The Secretary

London Stock Exchange

Company Announcement Office

Old Broad Street

London

EC2N 1HP



Dear Sirs,

We have been notified today that Mr Richard De Schutter, a director of Smith &
Nephew plc, acquired a total of 10,000 American Depositary Shares ('ADSs')
representing 100,000 ordinary shares of the Company on 30 April 2002 at an
average price of $57.94. Mr De Schutter now has an interest in 200,000 ordinary
shares representing 0.02% of the issued ordinary share capital of the Company.

Yours faithfully,



J.V. Sutton

Assistant Company Secretary



                      This information is provided by RNS
            The company news service from the London Stock Exchange