SOURCE: Smith & Nephew PLC

June 21, 2006 12:50 ET

Smith & Nephew Plc announces Director/PDMR Shareholding

London, UK -- (MARKET WIRE) -- June 21, 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)

both (i) and (ii)

3. Name of person discharging managerial responsibilities/director

Adrian Hennah

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

Adrian Hennah

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

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

8 State the nature of the transaction

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

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

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

14. Date and place of transaction

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

16. Date issuer informed of transaction

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

17 Date of grant

20 June 2006

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

15 June 2009 for the Share Award and under the 2004 Performance Share Plan. 15 June 2009 - 14 June 2016 for the options awarded under the 2001 UK Approved Plan and the 2004 Executive Share Option Plan.

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

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

96,786 Ordinary shares of US$0.20 each under 2004 Executive Share Option Plan

6,900 Ordinary shares of US$0.20 each under 2001 UK Approved Share Option Plan

103,686 Ordinary shares of US$0.20 each under 2004 Performance Share Plan

57,603 Ordinary shares of US$0.20 each as a Share Award

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

Share options - 434.0 pence. Awards under the 2004 Performance Share Plan and the Share Award are at nil-cost.

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

264,975

23. Any additional information

Vesting of the nil-cost Share Award is subject to continuous employment with the Smith & Nephew Group. The Executive Plans are also subject to the attainment of performance conditions.

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

21 June 2006

END

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