London, UK--(Marketwire - October 3, 2007) - 3 October 2007

Transaction in own shares.

Smith & Nephew plc announces that on 3 October 2007 it purchased 212,000 ordinary shares of US$0.20 each at a price of 600.1705 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 39,120,000 ordinary shares in treasury, and has 907,376,814 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary


                 This information is provided by RNS
       The company news service from the London Stock Exchange