Holding(s) in Company

Smith & Nephew Plc
29 July 2004

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


Smith & Nephew plc



2. Name of shareholder having a major interest


The Capital Group Companies Inc and Affiliates



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18


Non-beneficial



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them


Capital Guardian Trust Company:

State Street Nominees Ltd 42,200
Bank Of New York Nominees Ltd 210,700

Chase Nominees Ltd 1,320,697

BT Globenet Nominees Ltd 53,900

Midland Bank plc 344,000

Cade & Co 2,000

Bankers Trust 139,900

Barclays Bank 53,100

Nortrust Nominees 1,295,400

MSS Nominees Ltd 21,900

Deutsche Bank AG 1,800

Mellon Nominees (UK) Ltd 81,900

HSBC 7,700

Capital International Ltd:

State Street Nominees Ltd 117,000

Bank of New York Nominees 1,936,859

Northern Trust 377,200

Chase Nominees Ltd 1,038,328

Midland Bank plc 22,900

Bankers Trust 89,400

Morgan Guaranty 174,200

Nortrust Nominees 1,273,226

Royal Bank of Scotland 208,200

State Street Bank & Trust Co 138,000

Deutsche Bank AG 615,000

HSBC Bank plc 441,865

Mellon Bank NA 13,800

KAS UK 14,800

Bank One London 69,700

Capital International SA:

Chase Nominees Ltd 350,731

Midland Bank plc 4,100

State Street Bank & Trust Co 27,000

Lloyds Bank 13,600

Capital International Inc:

Nortrust Nominees 33,400

HSBC Bank plc 13,300

Capital Research and Management Company:

State Street Nominees Ltd 5,940,000

Chase Nominees Ltd 11,430,000



5. Number of shares / amount of stock acquired






6. Percentage of issued class






7. Number of shares / amount of stock disposed


Not disclosed



8. Percentage of issued class


Not disclosed



9. Class of security


Ordinary shares of 12 2/9p



10. Date of transaction


26 July 2004



11. Date company informed


28 July 2004



12. Total holding following this notification


27,917,806



13. Total percentage holding of issued class following this notification


2.984%



14. Any additional information






15. Name of contact and telephone number for queries


C Carpenter  020 7960 2316



16. Name and signature of authorised company official responsible for making
this notification


C Carpenter



Date of notification


29 July 2004



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