London, UK--(Marketwire - October 24, 2007) - 24 October 2007

Transaction in own shares.

Smith & Nephew plc announces that on 24 October 2007 it purchased 260,000 ordinary shares of US$0.20 each at a price of 627.3636 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 42,780,000 ordinary shares in treasury, and has 903,803,964 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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