LONDON--(Marketwire - May 14, 2008) -

Transaction in own shares.

Smith & Nephew plc announces that on 14 May 2008 it purchased 185,000 ordinary shares of USUSD0.20 each at a price of 544.8187 pence per share. The purchased shares will be held as treasury shares.

Following the above purchase, Smith & Nephew plc holds 59,829,483 ordinary shares in treasury, and has 888,942,916 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

                    This information is provided by RNS
          The company news service from the London Stock Exchange

Contact Information: Contact: Paul Chambers 020 7960 2312