SOURCE: Smith & Nephew PLC

August 31, 2007 12:34 ET

Smith & Nephew Plc announces Transaction in Own Shares

London, UK--(Marketwire - August 31, 2007) - Smith & Nephew PLC

31 August 2007

Smith & Nephew PLC - Transaction in Own Shares

Smith & Nephew PLC announces that on 31 August 2007 it purchased 169,000
ordinary shares of US$0.20 at a price of 581.8841 pence per share. The purchased
shares will be held as treasury shares.

Following the above purchase, Smith & Nephew PLC holds 34,017,000 ordinary
shares in treasury, and has 912,393,147 ordinary shares in issue (excluding
treasury shares).

Paul Chambers

Company Secretary

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