SOURCE: Smith & Nephew PLC

October 11, 2007 12:07 ET

Smith & Nephew PLC - Transaction in Own Shares

London, UK--(Marketwire - October 11, 2007) - 11 October 2007

Transaction in own shares.

Smith & Nephew plc announces that on 11 October 2007 it purchased 220,000 ordinary shares of US$0.20 each at a price of 615.949 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 40,590,000 ordinary shares in treasury, and has 905,927,280 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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