Smith & Nephew plc-Director/PDMR Shareholding-7

LONDON--(Marketwire - March 18, 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 transaction notified SMITH & NEPHEW PLC 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 responsibilities/ relates to a person director connected with a person discharging managerial responsibilities/ ELIZABETH BOLGIANO director 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 interest 1 relating to shares ELIZABETH BOLGIANO i) AMERICAN DEPOSITARY SHARES ii) AMERICAN DEPOSITARY SHARES iii) ORDINARY SHARES iv) AMERICAN DEPOSITARY SHARES 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 ELIZABETH BOLGIANO i) ACQUISITION AND SALE OF ADS UNDER THE SMITH & NEPHEW PERFORMANCE SHARE PLAN ii)ACQUISITION AND SALE OF ADS UNDER THE SMITH & NEPHEW CO-INVESTMENT PLAN iii) VESTING OF 59% OF OPTIONS GRANTED ON 13/03/ 2006 UNDER THE SMITH & NEPHEW EXECUTIVE SHARE OPTION PLAN (41% LAPSED) iv) ACQUISITION OF ADS UNDER US EMPLOYEE STOCK PLAN PURCHASE 9. Number of shares, debentures or 10. Percentage of issued class financial instruments relating acquired (treasury shares to shares acquired of that class should not be taken into account when calculating percentage) i) 925 ADS LESS THAN 0.01% ii) 1035 ADS iv) 101 ADS 11. Number of shares, debentures or 12. Percentage of issued class financial instruments relating disposed (treasury shares to shares disposed of that class should not be taken into account when calculating percentage) i) 358 ADS LESS THAN 0.01% ii) 400 ADS 13. Price per share or value of 14. Date and place of transaction transaction i) USD32.04 PER ADS i) 13 MARCH 2009 ii) USD32.04 PER ADS ii) 13 MARCH 2009 iii) USD27.46 PER ADS iii) 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) i) 17 MARCH 2009 8,528 ADS ii) 17 MARCH 2009 iv) 2 MARCH 2009 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) for grant 20. Description of shares or of the option debentures involved (class and number) N/A 21. Exercise price (if fixed at time of 22. Total number of shares or grant) or indication that price is debentures over to be fixed at the time of exercise which options held following notification N/A 105,924 23. Any additional information 24. Name of contact and telephone number for queries I) VESTING OF 46% OF THE PSP AWARD MADE ON THE 13 MARCH 2006 UNDER GEMMA PARSONS THE 2004 PLAN. 358 ADS WERE SUBSEQUENTLY SOLD TO COVER TAX. ASSISTANT COMPANY SECRETARY II) VESTING OF THE MATCHING SHARES AWARDED ON 13 MARCH 2006 UNDER THE 020 7960 2228 2004 CO-INVESTMENT PLAN. 400 SHARES WERE SUBSEQUENTLY SOLD TO COVER TAX. III) OPTION OVER 17,071 SHARES AT AN EXERCISE PRICE OF 514P PER SHARE VESTED CAN NOW BE EXERCISED. 1ADS = 5 ORDINARY SHARES OF USD0.20 EACH Name of authorised official of issuer responsible for making notification GEMMA PARSONS ASSISTANT COMPANY SECRETARY Date of notification __17 MARCH 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