Transaction in Own Shares

Smith & Nephew Plc
22 October 2007

22 October  2007



Transaction in own shares.





Smith & Nephew plc announces that on 22 October 2007 it purchased 250,000
ordinary shares of US$0.20 each at a price of 608.3058 pence per share. The
purchased shares will be held as treasury shares.



Following the above purchase, Smith & Nephew plc holds 42,290,000 ordinary
shares in treasury, and has 904,291,014 ordinary shares in issue (excluding
treasury shares).





Paul Chambers

Company Secretary


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