Smith & Nephew Plc - Transaction in Own Shares


LONDON, UK--(Marketwire - November 17, 2008) -





Smith & Nephew plc

17 November 2008

Smith & Nephew plc - Transaction in Own Shares

Smith & Nephew plc announces that on 17 November 2008 it transferred a
total of 26,808 ordinary shares of USD0.20 each to participants of the
Smith & Nephew ShareSave Plan and the Smith & Nephew International
ShareSave Plan, following the maturity of options on 1 November 2008.

The shares, which were all formerly held as Treasury shares, were
transferred as follows:

   - 6,022 ordinary shares at an exercise price of 321p per share;and

   - 20,786 ordinary shares at an exercise price of 425p per share;


Following the above transactions, Smith & Nephew plc holds 66,634,911 
ordinary shares in treasury, and has 883,032,276 ordinary shares in 
issue (excluding treasury shares).


Paul Chambers
Company Secretary


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