SOURCE: Smith & Nephew PLC

October 17, 2007 12:13 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK--(Marketwire - October 17, 2007) -

17 October  2007

Transaction in own shares.

Smith & Nephew plc announces that on 17 October 2007 it purchased 220,000
ordinary shares of US$0.20 each at a price of 597.4146 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & NFephew plc holds 41,550,000 ordinary
shares in treasury, and has 904,981,508 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary

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