Director Shareholding

Smith & Nephew Plc
15 October 2002


15 October 2002


The Secretary
London Stock Exchange
RNS
Old Broad Street
London
EC2N 1HP


Dear Sirs,

We have been notified that Mr Warren Knowlton, a director of the Company,
acquired on 14 October 2002, 100 American Depositary Shares ('ADSs')
representing 1,000 ordinary shares of the Company, at a price of $61.60 per ADS.
Mr Knowlton now has an interest in 12,501 ordinary shares representing 0.0013%
of the issued ordinary share capital of the Company.

Yours faithfully,

J.V. Sutton
Assistant Company Secretary


                      This information is provided by RNS
            The company news service from the London Stock Exchange