SOURCE: Smith & Nephew PLC

July 11, 2007 12:27 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK--(Marketwire - July 11, 2007) -

11 July  2007

Transaction in own shares.

Smith & Nephew plc announces that on 11 July 2007 it purchased 800,000 ordinary
shares of US$0.20 each at a price of 613.6468 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 23,368,000 ordinary
shares in treasury, and has 922,827,428 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary

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