Holding(s) in Company

Smith & Nephew Plc
06 November 2006

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


6 November 2006


Smith & Nephew plc has been notified today, pursuant to Section 198 of the
Companies Act 1985 (as amended), by AXA Investment Managers UK Ltd, that they no
longer have a notifiable interest in the issued share capital of the Company.


Name of contact and telephone number for queries

Phil Higgins - Assistant Company Secretary
020 7960 2228

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

Phil Higgins - Assistant Company Secretary

Date of notification

06.11.06

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