SMITH & NEPHEW PLC TRANSACTIONS IN OWN SHARES 29 JUNE 2007 Smith & Nephew plc (the "Company") announces that it has commenced a non-discretionary programme to buy back ordinary shares during the period which commences on 2 July 2007 and ends on 1 August 2007. The purchased shares will be held as treasury shares. The buy back programme will be managed by an independent third party, which makes its trading decisions independently of, and uninfluenced by, the Company. Any acquisitions will be effected within certain pre-set parameters, and in accordance with both the Company's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid be limited to no more than 5 per cent above the average market value for the shares as derived from the London Stock Exchange Daily Official List for the five business days immediately prior to such purchase. The Company confirms that it currently has no unpublished price sensitive information. Contact: Paul Chambers Company Secretary paul.chambers@smith-nephew.com Tel: 020 7401 7646 This information is provided by RNS The company news service from the London Stock Exchange
Smith & Nephew PLC announces Transaction in Own Shares
| Source: Smith & Nephew PLC
London, UK--(Marketwire - June 29, 2007) -