London, UK--(Marketwire - October 15, 2007) -

15 October  2007

Transaction in own shares.

Smith & Nephew plc announces that on 15 October 2007 it purchased 240,000
ordinary shares of US$0.20 each at a price of 611.7633 pence per share. The
purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 41,070,000 ordinary
shares in treasury, and has 905,457,658 ordinary shares in issue (excluding
treasury shares).

Paul Chambers
Company Secretary

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