London, UK--(Marketwire - March 18, 2008) -

18 March 2008

Transaction in own shares.

Smith & Nephew plc announces that on 18 March 2008 it purchased 200,000 ordinary shares of US$0.20 each at a price of 604.9249 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 58,244,483 ordinary shares in treasury, and has 889,986,114 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary

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