Director Shareholding

Smith & Nephew Plc
27 June 2002



27 June 2002





The Secretary

London Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP





Dear Sirs,



We have been notified today that Mr Warren Knowlton, a director of the Company,
acquired on 27 June 2002, 400 American Depositary Shares ('ADSs') representing
4,000 ordinary shares of the Company, at a price of $56.25 per ADS.  Mr Knowlton
now has an interest in 11,501 ordinary shares representing 0.0012% of the issued
ordinary share capital of the Company.



Yours faithfully,











J.V. Sutton

Assistant Company Secretary



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