Director Shareholding

Smith & Nephew Plc
08 August 2003



8 August 2003

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


Dear Sirs,


The Company has been informed that Peter Hooley, a director of Smith & Nephew
plc, acquired 60,000 ordinary shares of 12 2/9p each through the exercise of
share options at an exercise price of 143p per share on 7 August 2003.

On 8 August 2003 he sold 42,000 ordinary shares at 417p per share.

Peter Hooley now has an interest in 129,585 ordinary shares representing 0.014%
of the issued ordinary share capital of the Company.


Yours faithfully,



P R Chambers
Company Secretary




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