SOURCE: Smith & Nephew PLC

March 15, 2007 13:36 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK -- (MARKET WIRE) -- March 15, 2007 --

15 March 2007

Transaction in own shares.

Smith & Nephew plc announces that on 15 March 2007 it purchased 500,000 ordinary shares of US$0.20 each at a price of 636.6506 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 2,760,000 ordinary shares in treasury, and has 942,203,259 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary



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