Transaction in Own Shares

(PresseBox) ( Marl, )
The Company today purchased 300,000 of its Ordinary Shares of US 20¢ each through Merrill Lynch International, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 14 April 2016. These shares have been purchased as part of the $300 million buy-back programme, the purpose for which is to reduce the Company's share capital, as announced on 8 August 2016. Details of the relevant purchase transactions are set out below:

Description of Shares: Smith & Nephew Ordinary Shares of US 20¢ each

Number of Shares repurchased: 300,000

Average price paid per Share: 1,260.4849p

Highest price paid per Share: 1,270.0000p

Lowest price paid per Share: 1,254.0000p

Date of transaction: 10 August 2016

Broker: Merrill Lynch International

The Company intends to hold these shares in Treasury.

Following the purchase of these shares, the Company holds 18,484,911 of its shares in Treasury. The Company's issued share capital, with one voting right per share consists of 894,854,670 Ordinary Shares of US20¢ each (excluding treasury shares). This is the figure which should be used by shareholders as the denominator when determining whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

These purchases were made by Merrill Lynch International on behalf of the Company and a full breakdown of the individual trades is attached to this announcement.

This announcement is made in accordance with the requirements of LR 12.4.6.
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