SOURCE: Smith & Nephew PLC

January 29, 2008 12:35 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK--(Marketwire - January 29, 2008) -

29 January 2008

Transaction in own shares.

Smith & Nephew plc announces that on 29 January 2008 it purchased 156,000
ordinary shares of US$0.20 each at a price of 625.8123 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 54,818,000 ordinary
shares in treasury, and has 892,954,160 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange