London, UK -- (MARKET WIRE) -- February 12, 2007 --

12 February 2007

Transaction in own shares.

Smith & Nephew plc announces that on 12 February 2007 it purchased 700,000 ordinary shares of US$0.20 each at a price of 611.57 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 700,000 ordinary shares in treasury, and has 943,639,907 ordinary shares in issue (excluding treasury shares).

Paul Chambers Company Secretary

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