Director Shareholding

Smith & Nephew Plc
25 September 2002


25 September 2002



The Secretary

RNS

Company Announcement Office

Old Broad Street

London

EC2N 1HP





Dear Sirs,



Smith & Nephew plc has been notified today that Mr C. O'Donnell, a director of
the Company has been granted 3,192 three year options over ordinary shares of
122/9p each at an option price of 296 p under the Company's Savings Related
Share Option Scheme.



Mr. O'Donnell now has options totalling 517,495 over ordinary shares of the
Company.



Yours faithfully,

J.V. Sutton

Assistant Company Secretary


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