Director Shareholding

Smith & Nephew Plc
12 June 2003

12th June 2003


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 425.49 pence each on 3 June
2003, through the re-investment of a dividend paid on 16 May 2003.  Dr. Stomberg
now has a beneficial interest in 6,994 Ordinary shares being 0.00075% of the
issued share capital of the Company.


Yours faithfully,



P.R. Chambers
Company Secretary


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