Holding(s) in Company

Smith & Nephew Plc
13 June 2002









13 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 Merrill Lynch Investment Managers that they
ceased to have a notifiable interest in the ordinary share capital of Smith &
Nephew plc as of 10th June 2002.



Yours faithfully,











J.V. Sutton

Assistant Company Secretary





                      This information is provided by RNS
            The company news service from the London Stock Exchange