Transaction in Own Shares

Smith & Nephew plc

01 November 2011

Smith & Nephew plc - Transaction in Own Shares

Smith & Nephew plc announces that on 01 November 2011 it transferred a total of 311,336 ordinary shares of US$0.20 each to participants of the Smith & Nephew ShareSave Plan and the Smith & Nephew International ShareSave Plan, who had exercised options on that date.

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

·; 119,706 ordinary shares at an exercise price of 348p per share;

·; 189,981 ordinary shares at an exercise price of 507p per share; and

·; 1,649 ordinary shares at an exercise price of 544.50p per share.

Following the above transactions, Smith & Nephew plc holds 61,259,462 ordinary shares in treasury, and has 893,213,895 ordinary shares in issue (excluding treasury shares).

Gemma Parsons

Deputy Company Secretary

Smith & Nephew plc

Tel: +44 (0)20 7401 7646