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

Transaction in own shares.

Smith & Nephew plc announces that on 14 August 2008 it
purchased 175,000 ordinary shares of USUSD0.20 each at a price
of 622.2801 pence per share. The purchased shares will be held as
treasury shares. 

Following the above purchase, Smith & Nephew plc
holds 63,999,483 ordinary shares in treasury, and
has 885,196,417 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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