Holding(s) in Company

Smith & Nephew Plc
22 October 2002


22 October 2002



The Secretary
RNS
Company Announcement Office
Old Broad Street
London
EC2N 1HP

Dear Sirs,

Smith & Nephew plc has been notified today, pursuant to Section 198 of the
Companies Act 1985 (as amended), by FMR Corp and Fidelity International Limited
that they have a notifiable interest in 62,486,477 ordinary shares of 12 2/9p
each in the Company representing 6.73% of the issued share capital of the
Company.

Yours faithfully,

J.V. Sutton
Assistant Company Secretary




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