SOURCE: Smith & Nephew PLC

May 24, 2007 10:30 ET

Smith & Nephew PLC - Director/PDMR Shareholding

London, UK -- (MARKET WIRE) -- May 24, 2007 --

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification
required by DR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating
     to the shares or debentures of the issuer should complete boxes 1 to
     16, 23 and 24.

(2)  An issuer making a notification in respect of a derivative relating
     to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13,
     14, 16, 23 and 24.

(3)  An issuer making a notification in respect of options granted to a
     director/person discharging managerial responsibilities should
     complete boxes 1 to 3 and 17 to 24.
    
(4)  An issuer making a notification in respect of a financial instrument
     relating to the shares of the issuer (other than a debenture) should
     complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes should in block capital letters.

1. Name of the issuer

Smith & Nephew plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985

3. Name of person discharging managerial responsibilities/director

Mr John Buchanan

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify
the connected person

N/A...... ..............................

5. Indicate whether the notification is in respect of a holding of the
person referred to in 3 or 4 above or in respect of a non-beneficial
interest 

In respect of a holding of Mr John Buchanan

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of US 20 cents

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

Mr John Buchanan

8 State the nature of the transaction

Purchase of shares

9. Number of shares, debentures or financial instruments relating to
shares acquired

60,000

10. Percentage of issued class acquired (treasury shares of that class
should not be taken into account when calculating percentage)

Less than 0.01%

11. Number of shares, debentures or financial instruments relating to
shares disposed

....................................

12. Percentage of issued class disposed (treasury shares of that class
should not be taken into account when calculating percentage)

....................................

13. Price per share or value of transaction

622.00 pence

14. Date and place of transaction

23 May 2007

15. Total holding following notification and total percentage holding
following notification (any treasury shares should not be taken into
account when calculating percentage)

120,351 ordinary shares of US 20 cents each. Less than .01%..........

16. Date issuer informed of transaction

23 May 2007

If a person discharging managerial responsibilities has been granted
options by the issuer complete the following boxes

17 Date of grant

..........................................

18. Period during which or date on which it can be exercised

...................................................

19. Total amount paid (if any) for grant of the option

................................................

20. Description of shares or debentures involved (class and number)

.............................................

21. Exercise price (if fixed at time of grant) or indication that price
is to be fixed at the time of exercise

.............................................

22. Total number of shares or debentures over which options held following
notification

...................................................

23. Any additional information

..........................................

24. Name of contact and telephone number for queries

Phil Higgins -Assistant Company Secretary - 020 7960 2228

Name and signature of duly authorised officer of issuer responsible for
making notification

Phil Higgins - Assistant Company Secretary

Date of notification

24 May 2007

END

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