Smith & Nephew Plc - Transaction in Own Shares

London, UK -- (MARKET WIRE) -- 05/19/08 --

Transaction in own shares. Smith & Nephew plc announces that on 19 May 2008 it purchased 185,000 ordinary shares of USUSD0.20 each at a price of 551.6999 pence per share. The purchased shares will be held as treasury shares. Following the above purchase, Smith & Nephew plc holds 60,379,483 ordinary shares in treasury, and has 888,395,916 ordinary shares in issue (excluding treasury shares).

Paul Chambers Company Secretary

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2008-05-19 19:02:27 0365762 MARKETWIRE