Transaction in Own Shares

Smith & Nephew Plc
17 July 2007


17 July  2007


Transaction in own shares.


Smith & Nephew plc announces that on 17 July 2007 it purchased 500,000 ordinary
shares of US$0.20 each at a price of 625.213 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 24,933,000 ordinary
shares in treasury, and has 921,334,284 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary



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