Smith & Nephew plc - Director/PDMR Shareholding 3

LONDON, UK--(Marketwire - January 02, 2009) -

 Annex DTR3 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons All relevant boxes should be completed in block capital letters. 1. Name of the issuer 2. State whether the notification relates to (i) a SMITH & NEPHEW PLC transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). (i) 3. Name of person discharging 4. State whether notification managerial relates to a person responsibilities/director connected with a person discharging managerial responsibilities/director MICHAEL FRAZZETTE named in 3 and identify the connected person N/A 5. Indicate whether the notification 6. Description of shares is in respect of a holding of the (including class), person referred to in 3 or 4 above debentures or derivatives or or in respect of a nonbeneficial financial instruments relating to shares interest 1 MICHAEL FRAZZETTE AMERICAN DEPOSITARY SHARES (ADS) 7. Name of registered shareholders(s) 8. State the nature of the and, if more than one, the number transaction of shares held by each of them MICHAEL FRAZZETTE RELEASE AND SALE OF RESTRICTED STOCK. 9. Number of shares, debentures or 10. Percentage of issued class financial acquired (treasury shares of that class should not be instruments relating to shares taken into account when acquired calculating percentage) N/A N/A 11. Number of shares, debentures or 12. Percentage of issued class financial disposed (treasury shares of that class should not be instruments relating to shares taken into account when disposed calculating percentage) LESS THAN 0.01% 3,868 13. Price per share or value of 14. Date and place of transaction transaction (i) USUSD31.95 PER ADS (i) 31 DECEMBER 2008 15. Total holding following 16. Date issuer informed of notification and total percentage transaction holding following notification (any treasury shares should not be taken into account when calculating percentage) 2 JANUARY 2009 4,115 ADS If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17. Date of grant 18. Period during which or date on which exercisable N/A N/A 19. Total amount paid (if any) 20. Description of shares or debentures for grant of the option involved (class and number) N/A N/A 21. Exercise price (if fixed 22. Total number of shares or debentures at time of grant) or over which options held following notification indication that price is to be fixed at the time of exercise N/A N/A 23. Any additional information 24. Name of contact and telephone number for queries 1 ADS = 5 ORDINARY SHARES OF USUSD0.20 EACH PAUL CHAMBERS COMPANY SECRETARY 020 7960 2312 Name of authorised official of issuer responsible for making notification PAUL CHAMBERS COMPANY SECRETARY Date of notification 2 JANUARY 2009 Notes: This form is intended for use by an issuer to make a RIS notification required by DR 3.3. (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. This information is provided by RNS The company news service from the London Stock Exchange END