Transaction in Own Shares

Smith & Nephew Plc
13 July 2007


13 July  2007

Transaction in own shares.

Smith & Nephew plc announces that on 13 July 2007 it purchased 500,000 ordinary
shares of US$0.20 each at a price of 625.9608 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 24,433,000 ordinary
shares in treasury, and has 921,807,284 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary


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