Smith & Nephew plc - Transaction in Own Shares

LONDON--(Marketwire - November 03, 2008) - Smith & Nephew plc announces that on 3 November 2008 it transferred a total of 312,427 ordinary shares of USUSD0.20 each to participants of the Smith & Nephew ShareSave Plan and the Smith & Nephew International ShareSave Plan, following the maturity of options on 1 November 2008.

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