Holding(s) in Company

Smith & Nephew Plc
01 August 2002


1 August 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 64,763,434 ordinary shares of 12 2/9p
each in the Company representing 6.99% of the issued share capital of the
Company.

Yours faithfully,


P.R. Chambers
Company Secretary


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