Holding(s) in Company

Smith & Nephew Plc
10 August 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


Bank of New York Brussels   161,200

Bank of New York Europe   108,363

Bank of New York London   355,067

Bank of New York Brussels   50,800

Deutsche Bank    118,636

HSBC Client Holdings Nominee (UK) Limited   515,846

JP Morgan    778,930

Mellon Bank   68,700

Mellon Nominees Ltd    27,100

Morgan Stanley    343,675

Northern Trust    274,180

Nortrust Nominees Ltd    682,037

Northern Trust London    77,100

RBS Trust Bank   307,518

State Street Bank & Trust    52,200

State Street Bank & Trust Company   45,400

State Street Nominees Limited    281,800

Clydesdale Bank (Head Office) Nominees Limited   163,372

Chase Nominees Limited    24,561,024

HSBC    2,748,509

HSBC Client Holdings Nominee (UK) Limited   34,174,923

HSBC Client Holdings Nominee Limited   9,755,504

JP Morgan Chase   250,791

Mellon Bank   1,300

State Street Bank & Trust    14,800

State Street Bank & Trust Company   99,000

State Street Nominees Limited    3,908,360

Brown Brothers Harriman   9,300

Lloyds Bank Nominees Limited   555,800

Mellon Bank   6,260

SAI   65,000

State Street Bank & Trust    7,400

State Street Bank & Trust Company   56,119

State Street Nominees Ltd   9,500

Bank of New York Europe   153,900

Bankers Trust   532,418

Citibank   201,754

MSS Nominees Ltd   108,427



The following shares are from the assumed conversion of 370,200 ADRs (5 ordinary 
shares per ADR):



HSBC   661,000

State Street Bank & Trust    8,500





5. Number of shares / amount of stock acquired






6. Percentage of issued class






7. Number of shares / amount of stock disposed


2,174,026



8. Percentage of issued class


0.23%





9. Class of security


Ordinary Shares of 12 2/9p



10. Date of transaction


09.08.2004






11. Date company informed


10.08.2004



12. Total holding following this notification


82,301,513



13. Total percentage holding of issued class following this notification


8.80%



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


10.08.2004



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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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