Holding(s) in Company

Smith & Nephew Plc
02 February 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   41,200

Brown Brothers Harriman Ltd LUX  287,461

JP Morgan Bournemouth   420,002

Brown Brothers Harriman & Co  10,689,667

JP Morgan Chase Bank  11,871,105

State Street Bank & Trust Company   469,423

Mellon Bank N.A.  760

Bank of New York Brussels   556,881

Bankers Trust London  195,427

Citibank London  181,254

Clydesdale Bank plc   43,900

JP Morgan Bournemouth   419,600

Mellon Bank   382,375

Midland Securities Services   98,127

Northern Trust London   842,626

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):



Brown Brothers Harriman & Co    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


9,122,100



8. Percentage of issued class


0.97%



9. Class of security


Ordinary Shares of 12 2/9p



10. Date of transaction


01.02.2005



11. Date company informed


02.02.2005



12. Total holding following this notification


27,391,058



13. Total percentage holding of issued class following this notification


2.92%



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


02.02.2005



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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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