Holding(s) in Company

Smith & Nephew Plc
14 January 2005


                                  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

Master Trust Bank of Japan   65,400
Bank of New York Brussels   60,800
Brown Brothers Harriman Ltd LUX  631,522
BNP Paribas, Paris   3,400
JP Morgan Bournemouth   17,970
State Street Bank & Trust Company London   82,142
JP Morgan Bournemouth   1,079,902
Brown Brothers Harriman & Co  18,456,067
JP Morgan Chase Bank  20,145,105
State Street Bank & Trust Company   2,686,160
Mellon Bank N.A.  8,460
State Street Bank & Trust Company   605,900
Bank of New York Brussels   912,248
Bankers Trust London  195,427
Citibank London  181,254
Clydesdale Bank plc   90,900
JP Morgan Bournemouth   456,400
Mellon Bank   516,675
Midland Securities Services   98,127
Northern Trust London   1,095,026
State Street Bank & Trust Company London   248,700

The following shares are from the assumed conversion of 642,550 ADRs (5 ordinary 
shares per ADR):

HSBC   642,500
JP Morgan Chase   50

5. Number of shares / amount of stock acquired



6. Percentage of issued class



7. Number of shares / amount of stock disposed

17,204,505

8. Percentage of issued class

1.83%

9. Class of security

Ordinary Shares of 12 2/9p

10. Date of transaction

13.01.2005

11. Date company informed

14.01.2005

12. Total holding following this notification

48,280,135

13. Total percentage holding of issued class following this notification

5.15%

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

Kate Cummins - Company Secretarial Assistant

Date of notification

14.01.2005

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


                      This information is provided by RNS
            The company news service from the London Stock Exchange