London, UK--(Marketwire - September 10, 2008) -

Transaction in own shares.

Smith & Nephew plc announces that on 10 September 2008 it
purchased 145,000 ordinary shares of USUSD0.20 each at a price
of 639.7915 pence per share. The purchased shares will be held as
treasury shares. 

Following the above purchase, Smith & Nephew plc
holds 65,995,683 ordinary shares in treasury, and
has 883,538,110 ordinary shares in issue (excluding treasury shares).

Paul Chambers

Company Secretary

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