Holding(s) in Company

Smith & Nephew Plc
25 October 2002



25 October 2002



The Secretary
RNS
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 65,225,368 ordinary shares of 12 2/9p
each in the Company representing 7.03% of the issued share capital of the
Company.


Yours faithfully,



J.V. Sutton
Assistant Company Secretary



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