Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Smith & Nephew plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Invesco Limited

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

01 November 2012

6. Date on which issuer notified:

02 November 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

11%, 12%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

Number of Shares

NumberofVotingRights

Numberof shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORD USD0.20

100,400,774

100,400,774

108,185,068

12.00%

GB0009223206

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

108,185,068

12.00%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Invesco Advisers Inc - 12,667,629

Invesco Canada Ltd & Invesco Advisers Inc - 791,126

Invesco Asset Management Limited - 21,152,012

Invesco Asset Management Japan Ltd - 85,801

Invesco Asset Management Ltd & Invesco Asset Management Japan Ltd - 166,996

Invesco Fund Managers Ltd - 70,237,631

Invesco Asset Management Ltd & Invesco Asset Management Ireland - 154,806

Invesco Asset Management GmbH (Germany) - 51,233

Invesco PowerShares Capital Management Ireland - 25,249

Invesco PowerShares Capital Management LLC - 18,530

ADR's Ratio 1:5:

Invesco Advisers Inc - 2,188,910

Invesco PowerShares Capital Management LLC - 645,145

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Zoe Richards

15. Contact telephone number:

01491 417249