London, UK--(Marketwire - June 26, 2008) -

Transaction in own shares.

Smith & Nephew plc announces that on 26 June 2008 it purchased 175,000
ordinary shares of USUSD0.20 each at a price of 557.2936 pence per share.
The purchased shares will be held as treasury shares. 

Following the above purchase, Smith & Nephew plc
holds 63,299,483 ordinary shares in treasury, and
has 885,605,797 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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