Holding(s) in Company

Smith & Nephew Plc
22 June 2004

                                   SCHEDULE 10

                    NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

SMITH & NEPHEW PLC


2. Name of shareholder having a major interest

FMR Corp and Fidelity International Limited


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 interest


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

State Street Nominees Limited    3,364,812
HSBC Client Holdings Nominee (UK) Limited   47,608,946
Chase Nominees Limited    22,662,464
JP Morgan Chase   325,747
HSBC    2,605,761
State Street Bank & Trust    122,700
Mellon Bank   1,300
Mellon Bank   3,663
Lloyds Bank Nominees Limited   504,200
SAI   60,000
State Street Bank & Trust    7,400
State Street Nominees Ltd   9,500
Brown Brothers Harriman   9,300
Chase Nominees Limited    163,372
Bankers Trust   103,318
Citibank   201,754
MSS Nominees Ltd   108,427
Bank of New York - London    153,900
Nortrust Nominees Ltd    682,037
RBS Trust Bank   312,618
State Street Nominees Ltd   281,800
Morgan Stanley    343,675
Bank of New York - London    466,930
Northern Trust    392,816
HSBC Client Holdings Nominee (UK) Limited   337,169
JP Morgan    783,130
Bank of New York Brussels   212,000
State Street Bank & Trust    52,200
Deutsche Bank    570,700
Mellon Nominees Ltd    27,100
Northern Trust London    77,100
Mellon Bank   68,700
HSBC    1,708,000
Chase Nominees Limited    125,000
JP Morgan Chase   9,500
State Street Bank & Trust    8,500


5. Number of shares / amount of stock acquired

6,972,711


6. Percentage of issued class

0.75


7. Number of shares / amount of stock disposed



8. Percentage of issued class



9. Class of security

Ordinary Shares of 12 2/9p


10. Date of transaction

22.06.2004



11. Date company informed

22.06.2004


12. Total holding following this notification

84,475,539



13. Total percentage holding of issued class following this notification

9.03%



14. Any additional information



15. Name of contact and telephone number for queries


Kate Cummins
Company Secretarial Assistant
0207 960 2251



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

P. R. Chambers



Date of notification

22.06.2004



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