Holding(s) in Company

Smith & Nephew Plc
25 April 2002



25 April 2002


The Secretary

London Stock Exchange

Company Announcement Office

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 82,846,398 ordinary shares of 12 2/9p
each in the Company representing 8.94% of the issued share capital of the
Company.


Yours faithfully,


J.V. Sutton

Assistant Company Secretary



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