Transaction in Own Shares

Smith & Nephew Plc
29 January 2008




29 January 2008


Transaction in own shares.


Smith & Nephew plc announces that on 29 January 2008 it purchased 156,000
ordinary shares of US$0.20 each at a price of 625.8123 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 54,818,000 ordinary
shares in treasury, and has 892,954,160 ordinary shares in issue (excluding
treasury shares).



Paul Chambers
Company Secretary




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