SOURCE: Smith & Nephew PLC

December 27, 2006 12:54 ET

Smith & Nephew PLC announces Director/PDMR Shareholding - 3

London, UK -- (MARKET WIRE) -- December 27, 2006 --NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).

    
(1) An issuer making a notification in respect of a transaction relating 
    to the shares or debentures of the issuer should complete boxes 1 to 
    16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating 
    the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 
    16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a 
    director/person discharging managerial responsibilities should 
    complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument 
    relating to the shares of the issuer (other than a debenture) should 
    complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes should in block capital letters.

1. Name of the issuer

Smith & Nephew plc

2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R )(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

(ii)

3. Name of person discharging managerial responsibilities

Joe Woody

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

N/A

5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest

Joe Woody

6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

American Depositary Shares (ADSs) representing five ordinary shares of US$0.20 per share

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

Bank of New York Nominees

8 State the nature of the transaction

Acquisition of ADSs

9. Number of shares, debentures or financial instruments relating to shares acquired

8,297 ADSs

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

Less than 0.01%

11. Number of shares, debentures or financial instruments relating to shares disposed

....................................

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

....................................

13. Price per share or value of transaction

US$51.70 per ADS

14. Date and place of transaction

22 December 2006

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

42,480 Ordinary Shares of US$0.20 each. (8,496 ADSs)

16. Date issuer informed of transaction

22 December 2006

If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes

18. Period during which or date on which it can be exercised

19. Total amount paid (if any) for grant of the option

20. Description of shares or debentures involved (class and number)

21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise

22. Total number of shares or debentures over which options held following notification

23. Any additional information

ADSs awarded are in the form of Restricted Stock.

One ADS represents 5 Ordinary Shares

24. Name of contact and telephone number for queries

Phil Higgins -Assistant Company Secretary - 020 7960 2228

Name and signature of duly authorised officer of issuer responsible for making notification

Phil Higgins - Assistant Company Secretary

Date of notification

27 December 2006

END

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