Holding(s) in Company

Smith & Nephew Plc
18 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   33,900

Brown Brothers Harriman Ltd LUX  324,461

JP Morgan Bournemouth   10,170

State Street Bank & Trust Company London   45,742

JP Morgan Bournemouth   632,202

Brown Brothers Harriman & Co  16,511,667

JP Morgan Chase Bank  19,145,105

State Street Bank & Trust Company   1,731,460

Mellon Bank N.A.  7,360

State Street Bank & Trust Company   605,900

Bank of New York Brussels   857,448

Bankers Trust London  195,427

Citibank London  181,254

Clydesdale Bank plc   43,900

JP Morgan Bournemouth   440,100

Mellon Bank   419,775

Midland Securities Services   98,127

Northern Trust London   963,026

State Street Bank & Trust Company London   248,700



The following shares are from the assumed conversion of 128,510 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


5,076,461



8. Percentage of issued class


0.54%



9. Class of security


Ordinary Shares of 12 2/9p



10. Date of transaction


17.01.2005



11. Date company informed


18.01.2005



12. Total holding following this notification


43,203,674



13. Total percentage holding of issued class following this notification


4.60%



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


18.01.2005



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