Director Shareholding

Smith & Nephew Plc
13 May 2004


13 May 2004


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


Dear Sirs,


We have been notified today that Dr. Pamela Kirby, a director of Smith & Nephew
plc, acquired 3,500 ordinary shares of 12 2/9 pence each in the Company on 12
May 2004, at a price of 566.50 pence per share. Dr. Kirby now has an interest in
3,500 ordinary shares representing 0.0004% of the issued share capital of the
Company.


Yours faithfully,



P.R Chambers
Company Secretary


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