London, UK--(Marketwire - October 4, 2007) - 4 October 2007

Transaction in own shares.

Smith & Nephew plc announces that on 4 October 2007 it purchased 275,000 ordinary shares of US$0.20 each at a price of 607.6095 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 39,395,000 ordinary shares in treasury, and has 907,101,814 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary

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