Smith & Nephew plc (LSE: SN, NYSE: SNN) announces today that further to previous announcements the share capital of the company has been redenominated into US dollars by way of a reduction in capital and subsequent issue and allotment of new dollar ordinary shares. The redenomination of the share capital was approved by shareholders on 12 December 2005 and Court approval for the reduction was received on 18 January 2006. The redenomination has been registered at Companies House.