Smith & Nephew Plc announces Transaction in own shares


London, UK--(Marketwire - January 7, 2008) -

7 January 2008


Transaction in own shares.



Smith & Nephew plc announces that on 7 January 2008 it purchased 165,000
ordinary shares of US$0.20 each at a price of 590.1324 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 52,295,000 ordinary
shares in treasury, and has 895,220,488 ordinary shares in issue (excluding
treasury shares).




Paul Chambers
Company Secretary




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