LONDON--(Marketwire - September 11, 2008) -

Transaction in own shares.

Smith & Nephew plc announces that on 11 September 2008 it
purchased 155,000 ordinary shares of USUSD0.20 each at a price
of 641.0999 pence per share. The purchased shares will be held as
treasury shares. 

Following the above purchase, Smith & Nephew plc holds 66,150,683
ordinary shares in treasury, and has 883,384,010 ordinary shares in
issue (excluding treasury shares).

Paul Chambers

Company Secretary

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