Holding(s) in Company

Smith & Nephew Plc
29 January 2004

29 January 2004

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 The Capital Group Companies, Inc, that they
have a notifiable interest in 72,662,158 ordinary shares of 12 2/9p each in the
Company representing 7.78% of the issued share capital of the Company.

Yours faithfully,


P.R. Chambers
Company Secretary


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