SOURCE: Smith & Nephew PLC

February 22, 2008 12:32 ET

Smith & Nephew PLC announces Transaction in Own Shares

London, UK--(Marketwire - February 22, 2008) -

22 February 2008

Transaction in own shares.

Smith & Nephew plc announces that on 22 February 2008 it purchased 150,000
ordinary shares of US$0.20 each at a price of 660.4466 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 57,129,000 ordinary
shares in treasury, and has 890,971,129 ordinary shares in issue (excluding
treasury shares).

Paul Chambers

Company Secretary

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