Director Shareholding

Smith & Nephew Plc
9 July 2002


9 July 2002


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



Dear Sirs,

Dealing by Director in Ordinary shares of Smith & Nephew plc

We have been informed today that Dr. Rolf Stomberg, a director of Smith & Nephew
plc, acquired 49 Ordinary shares of the Company at 337 pence each, through the
re-investment of the final dividend, on 4 July 2002.  Dr. Stomberg now has a
beneficial interest in 6,913 Ordinary shares being 0.00075% of the issued share
capital of the Company.


Yours faithfully,

P.R. Chambers
Company Secretary




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