Director Shareholding

Smith & Nephew Plc
30 October 2003



30 October 2003


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


Dear Sirs,


We have been notified that Mr Warren Knowlton, a director of Smith & Nephew plc,
acquired on 29 October 2002, 300 American Depositary Shares ('ADSs')
representing 3,000 ordinary shares of Smith & Nephew plc, at a price of $79.66
per ADS.  Mr Knowlton now has an interest in 15,501 ordinary shares representing
0.0017% of the issued ordinary share capital of the Company.


Yours faithfully,


P.R. Chambers
Company Secretary




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