Transaction in Own Shares

Smith & Nephew Plc
14 January 2008

14 January 2008



Transaction in own shares.





Smith & Nephew plc announces that on 14 January 2008 it purchased 100,000
ordinary shares of US$0.20 each at a price of 639.0479 pence per share. The
purchased shares will be held as treasury shares.



Following the above purchase, Smith & Nephew plc holds 53,032,000 ordinary
shares in treasury, and has 894,689,120 ordinary shares in issue (excluding
treasury shares).





Paul Chambers

Company Secretary


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