IFRS Presentation

Smith & Nephew Plc
17 November 2004


Smith & Nephew -International Financial Reporting Standards 'IFRS' Presentation


17 November 2004



Smith & Nephew plc (LSE: SN, NYSE:SNN), the global medical technology business,
will today give a webcast presentation and teleconference on how its UK GAAP
results, for 2003 and for the first three quarters of 2004, will be re-stated
for comparison purposes when IFRS is adopted from 1 January 2005.  This
information is being presented to assist the investment community in assessing
the impact of IFRS on the group.  The overall effect of IFRS on adjusted
earnings is minor for Smith & Nephew with IFRS adjusted EPS for 2003 of 18.20p
compared to the UK GAAP figure of 18.49p.

The conference call will be held at 2.00pm GMT/9.00am EST.  It will be broadcast
live on the web at http://www.smith-nephew.com/ifrs and will be available on
demand shortly following the close of the conference call at the same web
address.  If interested parties are unable to connect to the web, a listen-only
service is available by calling [phone] in Europe, and +1 866 602
0258 in the US.

Analysts who wish to participate in the conference call should contact Julie
Allen on [phone] or via email at [e-mail] for
conference call details.



About Us

Smith & Nephew (LSE: SN.L; NYSE: SNN) is one of the world's leading medical
device companies, specialising in Orthopaedics, Endoscopy and Advanced Wound
Management products.  Smith & Nephew ranks as the global leader in arthroscopy
and in advanced wound management and is one of the fastest growing orthopaedics
companies in the world.

Smith & Nephew is dedicated to helping improve people's lives.  The company
prides itself on the strength of its relationships with its surgeon and
professional healthcare customers, with whom its name is synonymous with the
high standards of performance, innovation and trust.  The company has over 8,000
employees and operates in 32 countries around the world, generating sales of
nearly £1.2 billion.



Enquiries

Investors
Peter Hooley
Smith & Nephew Finance Director                                                   Tel: [phone]

Investors/Media
Liz Hewitt
Smith & Nephew Group Director Corporate Affairs                                   Tel: [phone]

Angie Craig
Smith & Nephew Vice President US Investor and Media Relations                     Tel: [phone]






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