Director Shareholding

Smith & Nephew Plc
03 October 2003


3rd October 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 30 Ordinary shares of the Company at 419.37 pence each on 29
September 2003, through the re-investment of a dividend paid on 12 September
2003.  Dr. Stomberg now has a beneficial interest in 7,024 Ordinary shares being
0.00075% of the issued share capital of the Company.



Yours faithfully,

P.R. Chambers
Company Secretary



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