Transaction in Own Shares

Smith & Nephew plc

15 February 2011

Smith & Nephew plc - Transaction in Own Shares

Smith & Nephew plc announces that on today it transferred a total of 1,000,000 ordinary shares of US$0.20 each to participants of the Smith & Nephew ShareSave. The shares will be used to satisfy options and awards under the Company Share Plans.

The transferred shares were all formerly held as Treasury Shares.

Following the above transfer, Smith & Nephew plc holds 61,720,798 ordinary shares in treasury, and has 891,853,130 ordinary shares in issue (excluding treasury shares).

Gemma Parsons

Deputy Company Secretary

Smith & Nephew plc

Tel: 020 7960 2228