SOURCE: Smith & Nephew PLC

September 18, 2008 12:02 ET

Smith & Nephew announces Transaction in Own Shares

London, UK--(Marketwire - September 18, 2008) -

Smith & Nephew plc announces that on 18 September 2008 it
purchased 150,000 ordinary shares of USD 0.20 each at a price
of 601.4799 pence per share. The purchased shares will be held as
treasury shares.

Following the above purchase, Smith & Nephew plc holds 66,800,683
ordinary shares in treasury, and has 882,772,510 ordinary shares in
issue (excluding treasury shares).

Paul Chambers

Company Secretary

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