London, UK--(Marketwire - March 19, 2008) - 19 March 2008

Transaction in own shares.

Smith & Nephew plc announces that on 19 March 2008 it purchased 150,000 ordinary shares of US$0.20 each at a price of 616.6052 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 58,394,483 ordinary shares in treasury, and has 889,843,541 ordinary shares in issue (excluding treasury shares).

Paul Chambers
Company Secretary

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