London, UK--(Marketwire - July 10, 2007) -

10 July 2007

Transaction in own shares.

Smith & Nephew plc announces that on 10 July 2007 it purchased 700,000 ordinary shares of US$0.20 each at a price of 614.3212 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 22,568,000 ordinary shares in treasury, and has 923,546,428 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary

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