Holding(s) in Company

Smith & Nephew Plc
06 May 2003



6 May 2003


The Secretary

London Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP




Dear Sirs,


Smith & Nephew plc has been notified on 5 May 2003, 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 72,983,703 ordinary shares of 12
2/9p each in the Company representing 7.85% of the issued share capital of the
Company.



Yours faithfully,

P.R. Chambers

Company Secretary




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