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


AXA Investment Managers UK Ltd



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


Beneficial interest in 28,274,208 shares and non-beneficial interest in 19,789,293 shares



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them




Beneficial



HSBC Global Custody Nominee (UK) Ltd     24,383,000

Smith & Williamson Nominees Ltd     62,185

BNY (OCS) Nominees Limited     62,796

Sun Life International     506,459

AXA Colonia Konzem      34,768

Chase Nominees Ltd      200,000

AXA Sun Life plc      2,450,000

Chase Nominees Ltd     575,000



Non- Beneficial



HSBC Global Custody Nominee (UK) Ltd   1,391,410

Chase Nominees Ltd     956,040

Vidacos Nominees     25,000

AXA France      1,275,120

AXA Financial Inc      9,641,868

AXA Financial Inc      101,183

AXA Financial Inc      6,398,672





5. Number of shares / amount of stock acquired


13,685,533



6. Percentage of issued class


1.46%



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


18.01.2005






11. Date company informed


18.01.2005



12. Total holding following this notification


48,063,501 (beneficial interest in 28,274,208 shares and non-beneficial interest in 19,789,293 shares)



13. Total percentage holding of issued class following this notification


5.13% (beneficial interest 3.02% and non-beneficial interest 2.11%)



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



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