Transaction in Own Shares

24 May 2013

Smith & Nephew plc (the "Company")

Transaction in Own Shares

The Company has today purchased 300,000 of its Ordinary Shares of US 20¢ each through JP Morgan Cazenove, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 11 April 2013.

The average price paid was 783.9009p per share.

The highest price paid was 789.75p per share and the lowest price paid was 779.50p per share.

The Company intends to hold these shares in Treasury. Following the purchase of these shares, the Company holds 60,733,759 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 905,626,380 Ordinary Shares of US20¢ each. This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement is made in accordance with the requirements of LR 12.4.6.

Gemma Parsons

Deputy Company Secretary

Smith & Nephew plc

Tel: 020 7401 7646