Transaction in Own Shares

Smith & Nephew Plc
20 July 2007




20 July  2007

Transaction in own shares.


Smith & Nephew plc announces that on 20 July 2007 it purchased 500,000 ordinary
shares of US$0.20 each at a price of 621.3065 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 26,433,000 ordinary
shares in treasury, and has 919,848,584 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary





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