Director Shareholding

Smith & Nephew Plc
21 February 2003





21st February 2003






The Secretary

London Stock Exchange

RNS

Old Broad Street

London

EC2N 1HP









Dear Sirs,



Dealing by Director in Ordinary shares of Smith & Nephew plc



We have been informed today that Dr Rolf Stomberg, a director of Smith & Nephew
plc, acquired 32 Ordinary shares of the Company at 372.0 pence each on 3
December 2002, through the re-investment of the final dividend paid on 15
November 2002.  Dr. Stomberg now has a beneficial interest in 6,945 Ordinary
shares being 0.00075% of the issued share capital of the Company.



Yours faithfully,











P.R. Chambers

Company Secretary




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