Transaction in Own Shares

Smith & Nephew Plc
08 January 2008



8 January 2008


Transaction in own shares.

Smith & Nephew plc announces that on 8 January 2008 it purchased 37,000 ordinary
shares of US$0.20 each at a price of 604.4291 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 52,332,000 ordinary
shares in treasury, and has 895,183,488 ordinary shares in issue (excluding
treasury shares).


Paul Chambers
Company Secretary



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