Smith & Nephew Plc announces Transaction in Own Shares

31 August 2007

Smith & Nephew PLC - Transaction in Own Shares

 Smith & Nephew PLC announces that on 31 August 2007 it purchased 169,000ordinary shares of US$0.20 at a price of 581.8841 pence per share. The purchasedshares will be held as treasury shares.Following the above purchase, Smith & Nephew PLC holds 34,017,000 ordinaryshares in treasury, and has 912,393,147 ordinary shares in issue (excludingtreasury shares).Paul ChambersCompany Secretary                      This information is provided by RNS            The company news service from the London Stock Exchange