Special Dividend

Smith & Nephew Plc
5 July 2000

SPECIAL DIVIDEND
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *SN.
SEDOL CODE              *816-605
DIVIDEND AMOUNT         *37.14p
PROVISIONAL EX DATE     *07-08-00
RECORD DATE             *04-08-00
PAYMENT DATE            *11-08-00
NOTES *

CONSOLIDATION
SECURITY TITLE
*Ord Shs
MNEMONIC CODE   *SN.
SEDOL CODE      *816-605
TERMS           *9 New Ord Shs in place of every 11 Existing Ord Shs.
PROVISIONAL EFFECTIVE DATE *07-08-00
RECORD DATE     *04-08-00
NOTES *