SOURCE: Smith & Nephew PLC

February 21, 2008 12:35 ET

Smith & Nephew plc announces Transaction in own shares

London, UK--(Marketwire - February 21, 2008) - 21 February 2008

Transaction in own shares.

Smith & Nephew plc announces that on 21 February 2008 it purchased 150,000 ordinary shares of US$0.20 each at a price of 667.9769 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 56,979,000 ordinary shares in treasury, and has 891,109,547 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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