SOURCE: Smith & Nephew PLC

March 30, 2007 12:27 ET

Smith & Nephew PLC announces: Transaction in Own Shares

London, UK -- (MARKET WIRE) -- March 30, 2007 --

30 March 2007

Transaction in own shares.

Smith & Nephew plc announces that on 30 March 2007 it purchased 430,000 ordinary shares of US$0.20 each at a price of 645.0351 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 6,440,000 ordinary shares in treasury, and has 938,923,309 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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