SOURCE: Smith & Nephew PLC

March 14, 2007 13:23 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK -- (MARKET WIRE) -- March 14, 2007 --

14 March 2007

Transaction in own shares.

Smith & Nephew plc announces that on 14 March 2007 it purchased 450,000 ordinary
shares of US$0.20 each at a price of 621.9245 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 2,260,000 ordinary shares
in treasury, and has 942,703,259 ordinary shares in issue (excluding treasury

Paul Chambers

Company Secretary

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