Director Shareholding-Amend

Smith & Nephew Plc
7 December 2001

7th December 2001

The Secretary

London Stock Exchange

Company Announcement Office

Old Broad Street

London

EC2N 1HP

Dear Sirs,

The issuer has made the following amendment to the Director Shareholding
announcement released on 6 December at 14.50 under RNS No 29930.

Sir Timothy Lankester acquired on 5th December 2001 5 shares by re-investment
of the dividend through a non-discretionary single company PEP and not 22 as
previously stated.

All other details remain unchanged.

The full corrected version is shown below.

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Dear Sirs,


Dealing by Directors in Ordinary shares of Smith & Nephew plc


We have been notified on 6th December 2001 that the following directors of the
Company have increased their beneficial holdings of Ordinary shares of 122/9
pence each in Smith & Nephew plc, through the Dividend Re-investment Plan for
the 2001 Interim Dividend paid on 5th December 2001 as follows, each share was
purchased at 367.2 pence:


Mr C J O'Donnell acquired 554 shares and now holds 121,059 shares representing
0.013% of the issued share capital.


Sir Timothy Lankester acquired 11 shares.


In addition, Sir Timothy Lankester acquired on 5th December 2001 5 shares by
re-investment of the dividend through a non-discretionary single company PEP,
at a price of 366.5p. He now holds 5,978 shares representing 0.0006% of the
issued share capital.

Yours faithfully,

P.R. Chambers

Assistant Company Secretary