London, UK--(Marketwire - August 12, 2008) -

Transaction in own shares.

Smith & Nephew plc announces that on 12 August 2008 it purchased
175,000 ordinary shares of USD0.20 each at a price of 623.2991 pence
per share. The purchased shares will be held as treasury shares. 

Following the above purchase, Smith & Nephew plc holds 63,649,483
ordinary shares in treasury, and has 885,534,067 ordinary shares in
issue (excluding treasury shares).

Paul Chambers
Company Secretary

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