Smith & Nephew Regulatory News (SN.)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Phil Cowdy

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Smith & Nephew plc

b)

LEI

213800ZTMDN8S67S1H61

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Smith & Nephew plc ordinary shares of USD 0.20 each

ISIN: GB0009223206

b)

Nature of the transaction

Exercise only of options granted on 15 September 2015 under the Smith & Nephew Sharesave Plan (2012) at an option price of £9.49 per share.

c)

Price(s) and volume(s)

Price(s)

£9.49

Volume(s)

1,896

d)

Aggregated information

- Aggregated volume

- Price

Single Transaction

N/A

N/A

e)

Date of the transaction

2018 - 12 - 07

f)

Place of the transaction

Outside a trading venue