Smith & Nephew PLC announces Transaction in own shares


London, UK--(Marketwire - July 17, 2007) -

17 July  2007

Transaction in own shares.

Smith & Nephew plc announces that on 17 July 2007 it purchased 500,000 ordinary shares of US$0.20 each at a price of 625.213 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 24,933,000 ordinary shares in treasury, and has 921,334,284 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary



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