Smith & Nephew - Transaction in Own Shares

Smith & Nephew plc

3 November 2009

Smith & Nephew plc - Transaction in Own Shares

Smith & Nephew plc announces that on 2 November 2009 it transferred a
total of 571,733 ordinary shares of USD0.20 each to participants of the Smith & Nephew ShareSave Plan and the Smith & Nephew International
ShareSave Plan, following the maturity of options on 1 November 2009.

The shares, which were all formerly held as Treasury shares, were
transferred as follows:


  - 445,265 ordinary shares at an exercise price of 348p per share; and

  - 118,640 ordinary shares at an exercise price of 394p per share; and

  - 6,352 ordinary shares at an exercise price of 432p per share; and

  - 571 ordinary shares at an exercise price of 451p per share; and

  - 905 ordinary shares at an exercise price of 498p per share.


Following the above transactions, Smith & Nephew plc holds 65,013,178 ordinary shares in treasury, and has 885,308,560 ordinary shares in issue (excluding treasury shares).


Susan Henderson
Company Secretary







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