Smith & Nephew Release

Smith & Nephew Plc 14 August 2007 FOR IMMEDIATE RELEASE Contact: Sidonie Myers Head of Communication Smith & Nephew Advanced Wound Management +44 (0)1482 673246 sidonie.myers@smith-nephew.com Smith & Nephew announces relocation of Florida based manufacturing Hull, ENGLAND and Largo, FL, 14 August, 2007 - Smith & Nephew's (LSE: SN; NYSE: SNN) Advanced Wound Management Division announces that, following a full review of the cost effectiveness of its manufacturing facilities, it will be relocating or outsourcing the manufacturing currently based in Largo Florida. This relocation project will take place over the next 18 to 24 months and it is expected that the manufacturing in Largo will cease during 2009. Smith & Nephew strategy for the Advanced Wound Management business has three key components; an increased focus on fast growing segments of the woundcare market, increasing sales efforts in the US and reducing costs to increase the competitiveness of the business. Smith & Nephew is purchasing land to provide manufacturing capacity in China and plans for construction of a facility are underway. ALLEVYN* Adhesive dressings, part of Smith & Nephew's leading exudate management product range, will be produced in China. The production of ALLEVYN products in Hull will continue. Other Smith & Nephew products currently manufactured in Largo will be outsourced. About Us Smith & Nephew Advanced Wound Management, with headquarters in the United Kingdom, employs more than 3,100 people around the world. The organisation has manufacturing centres in the United Kingdom and Largo, FL. Smith & Nephew is a global medical technology business, specialising in Orthopaedic Reconstruction, Orthopaedic Trauma and Clinical Therapies, Endoscopy and Advanced Wound Management products. Smith & Nephew is a global leader in arthroscopy and advanced wound management and is one of the leading global orthopaedics companies. Smith & Nephew is dedicated to helping improve people's lives. The Company prides itself on the strength of its relationships with its surgeons and professional healthcare customers, with whom its name is synonymous with high standards of performance, innovation and trust. The Company has 9,600 employees and operates in 31 countries around the world. Annual sales in 2006 were nearly $2.8 billion. Forward-Looking Statements This press release contains certain 'forward-looking statements' within the meaning of the US Private Securities Litigation Reform Act of 1995. In particular, statements regarding expected revenue growth and trading margins discussed under 'Outlook' are forward-looking statements as are discussions of our product pipeline. These statements, as well as the phrases 'aim', 'plan', 'intend', 'anticipate', 'well-placed', 'believe', 'estimate', 'expect', 'target', 'consider' and similar expressions, are generally intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors (including, but not limited to, the outcome of litigation, claims and regulatory approvals) that could cause the actual results, performance or achievements of Smith & Nephew, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Please refer to the documents that Smith & Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith & Nephew's most recent annual report on Form 20F, for a discussion of certain of these factors. All forward-looking statements in this press release are based on information available to Smith & Nephew as of the date hereof. All written or oral forward-looking statements attributable to Smith & Nephew or any person acting on behalf of Smith & Nephew are expressly qualified in their entirety by the foregoing. Smith & Nephew does not undertake any obligation to update or revise any forward-looking statement contained herein to reflect any change in Smith & Nephew's expectation with regard thereto or any change in events, conditions or circumstances on which any such statement is based. * Trademark of Smith & Nephew. Certain marks registered US Patent and Trademark Office. ### This information is provided by RNS The company news service from the London Stock Exchange
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