Holding(s) in Company

Smith & Nephew Plc
15 October 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    205,200

Bank of New York Europe   134,663

Bank of New York London   424,567

Bank of New York Brussels    87,500

Brown Brothers Harriman Ltd   29,600

Chase Manhattan Bank London   447,700

Deutsche Bank    146,836

HSBC Client Holdings Nominee (UK) Limited   486,279

JP Morgan   970,230

Master Trust Bank of Japan    47,300

Mellon Bank   147,400

Mellon Nominees Limited   47,500

Morgan Stanley   430,075

Northern Trust   372,280

Northern Trust London   100,300

Nortrust Nominees Limited   821,237

Northern Trust London   133,600

RBS Trust Bank   372,518

State Street Bank & Trust   106,200

State Street Bank & Trust Co   58,942

State Street Nominees Ltd     338,800

JP Morgan   163,372

Chase Nominees Limited   22,393,405

HSBC    991,540

HSBC Client Holdings Nominee (UK) Limited   22,933,724

HSBC Client Holdings Nominee Limited      6,546,603

State Street Nominees Limited   4,182,360

Brown Brothers Harriman   9,300

Lloyds Bank Nominees Limited   555,800

Mellon Bank   8,460

SAI      65,000

State Street Bank & Trust   7,400

State Street Nominees Ltd   9,500

Bank of New York Europe   190,500

Bankers Trust   428,118

Citibank    243,254

MSS Nominees Ltd    132,127



5. Number of shares / amount of stock acquired






6. Percentage of issued class






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









11. Date company informed


15.10.2004



12. Total holding following this notification


65,484,640



13. Total percentage holding of issued class following this notification


6.99%



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


15.10.2004



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