Result of EGM, etc.

Smith & Nephew Plc
2 August 2000


                              SMITH & NEPHEW PLC
                                 RESULT OF EGM

Smith & Nephew plc, the global medical devices company, announces that, at its
Extraordinary  General Meeting held earlier today, shareholders  approved  the
resolution  to  consolidate  and sub-divide each of  the  company's  10  pence
nominal value ordinary shares into 12 2/9 pence nominal value ordinary  shares
in a 9 for 11 share consolidation.

Application  has  been made to the UK Listing Authority and the  London  Stock
Exchange for 915,338,945 ordinary shares of 12 2/9p each to be admitted to the
Official List and to be admitted to trading.  In addition, a further 7,426,413
ordinary  shares of 12 2/9p each have been blocklisted under various  Employee
Share  Schemes  and  the  conversion of Convertible Bonds  for  issuance  upon
allotment.

At  the  same  time, the Bank of New York, as Depositary, will  distribute  to
every  American Depositary Shareholder 9 new American Depositary Shares (ADSs)
for  each 11 ADSs held.  Each ADS will continue to represent 10 Smith & Nephew
plc ordinary shares.  Upon approval by the New York Stock Exchange (NYSE) of a
supplemental  listing application that has been filed with the NYSE,  the  new
ADSs and the new ordinary shares will be listed on the NYSE.

Dealings  in the new ordinary shares and the new ADSs are expected to commence
on 7 August 2000.

The  special dividend of 37.14 pence per share will be paid on 11 August  2000
to shareholders on the register on 4 August 2000.

Enquiries

Margaret Stewart, Group Director Corporate AffairsTel: [phone]
Smith & Nephew plc                    Fax: [phone]
David Yates                           Tel: [phone]
Financial Dynamics                    Fax: [phone]