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Transaction in own shares.
Smith & Nephew plc announces that on 4 September 2008 it purchased 100,000 ordinary shares of US$0.20 each at a price of 642.7876 pence per share. The purchased shares will be held as treasury shares.
Following the above purchase, Smith & Nephew plc holds 65,450,683 ordinary shares in treasury, and has 884,073,692 ordinary shares in issue (excluding treasury shares).
Paul Chambers
Company Secretary