Holding(s) in Company

Smith & Nephew Plc
09 March 2004


9 March 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 FMR Corp and Fidelity International Limited,
that they have a notifiable interest in 77,502,828 ordinary shares of 12 2/9p
each in the Company representing 8.29% of the issued share capital of the
Company.


Yours faithfully,

P.R. Chambers
Company Secretary



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