Holding(s) in Company

Smith & Nephew Plc
25 June 2002




25 June 2002


The Secretary

London Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP







Dear Sirs,



Smith & Nephew plc has been notified today, pursuant to Section 198 of the
Companies Act 1985 (as amended), by FMR Corp and Fidelity International Limited
that they have a notifiable interest in 74,082,633 ordinary shares of 12 2/9p
each in the Company representing 7.99% of the issued share capital of the
Company, as at 21 June 2002.



Yours faithfully,




J.V. Sutton

Assistant Company Secretary





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