SOURCE: Smith & Nephew PLC

March 21, 2007 13:06 ET

Smith & Nephew - Transaction in Own Shares

London, UK -- (MARKET WIRE) -- March 21, 2007 --21 March 2007

Transaction in own shares.

Smith & Nephew plc announces that on 21 March 2007 it purchased 650,000 ordinary shares of USD0.20 each at a price of 644.5155 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 3,560,000 ordinary shares in treasury, and has 941,519,603 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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