Transaction in Own Shares

Smith & Nephew PLC

23 March 2010

Smith & Nephew PLC - Transaction in Own Shares

Smith & Nephew PLC announces that today it transferred 500,000 Ordinary shares of US$0.20 to RBC Cees Trustee Limited, the Trustee of the Smith & Nephew 2004 Employees' Share Trust. The shares will be used to satisfy options and awards under various Company Share Plans.

The transferred shares were all formerly held as Treasury Shares.

Following the above transfer, Smith & Nephew PLC holds 63,179,855 Ordinary shares in treasury, and has 888,422,001 Ordinary shares in issue (excluding treasury shares).

Gemma Parsons

Assistant Company Secretary