Holding(s) in Company

Smith & Nephew Plc
16 April 2003





16 April 2003





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 74,668,199 ordinary shares of 12 2/9p
each in the Company representing 8.03% of the issued share capital of the
Company.



Yours faithfully,






P.R. Chambers
Company Secretary




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