Enquiries

Paul Chambers Tel: +44 (0) 20 7401 7646
Smith & Nephew
Company Secretary

Liz Hewitt Tel: +44 (0) 20 7401 7646
Smith & Nephew
Group Director Corporate Affairs

About us

Smith & Nephew is a global medical technology business, specialising in
Orthopaedics , Endoscopy and Advanced Wound Management products.

ADVISORY/Experts Available to Discuss Public Opinion and Environmentalism

. Some groups are
forming alliances outside their usual political organizations to
convey their message in a way that is understandable to people. Led by Rondio, the company raised
enough funds to design and promote a comprehensive waste utilization
system that enable municipalities to convert more than 90 percent of
waste to revenue streams. Army Corps of
Engineers.

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"

From the Fort Worth Star-Telegram, July 15, 2005: "Dewhurst Limits Senate
to School Bills"
"None of those are going to be addressed until we address the most
important issue in front of us, and that is the reforms of our schools [and]
the property tax reductions," Perry said then. He also examines the potential of water markets
and other market-based mechanisms for achieving more efficient use of
the region's scarce water.com

ExpertSource cannot guarantee the immediate availability of these
experts or their familiarity with this specific issue.

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Following this redenomination , shareholders receive one new dollar denominated
ordinary share for each sterling ordinary share held. As part of this program Mathis
is leading two projects. In addition to his career accomplishments , Rondio worked
as a Special U. history.

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HDR is
providing program management assistance to the U.

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PRESS RELEASE Smith and Nephew PLC announces Share Capital Redenomination

1991 Overseas Employee Share Option Scheme - 27,500
International Employees Share Option Scheme - 1,000,000
1985 Executive Share Option Scheme - 85,000
1990 International Executive Share Option Scheme - 1,850,000
2001 US Share Option Scheme - 1,500,000
2001 UK Approved Share Option Scheme - 500,000
2001 UK Unapproved Share Option Scheme - 1,000,000
UK Employee Share Option Scheme - 1,500,000. Smith & Nephew
is a global leader in arthroscopy and advanced wound management and is one of
the fastest growing global orthopaedics companies.

Business Editors
ADVISORY. Several polls
reflect although the majority of Americans want clean air and clean
water, environmental issues tend to rank below other concerns such as
unemployment, health care and national security. The first seeks to assess the scenic,
recreational and habitat value of remaining fragments of relatively
intact bayou ecosystem in Houston.

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com

Much
of his effort focuses on the impact of population growth, drought and
water use in the Rio Conchos watershed on water supply to the lower
part of the watershed.S.
environmental technologies. Journalists are encouraged to submit queries to
ExpertSource when seeking experts on specific subjects.

This category is for sites on homepages by individuals, not organizations, about more than one social issue.

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We're not going to talk about
anything until this is finished."

Contact: Meg Meo, 512-494-2867 or
mmeo@echristianpr. The company's shares continue to be
quoted in sterling on the London Stock Exchange. The second project examines
ecotourism in the Lower Rio Grande Valley and the economic value
associated with water used to conserve what remains of the region's
remarkably diverse ecosystem. Rondio is founder and CEO of Mortgagegreen - a
full-service mortgage company providing an extensive range of
residential and commercial real estate loans, and real estate
investment solutions. PR Contact: Jackie Fox 402 -926-7058 jfox@hdrinc.

ExpertSource provides academic and industry experts to the media
at no charge.

Websites submitted here must be social issue related and in
English.

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Application has been made to the UK Listing Authority and to the London Stock
Exchange for 940 ,690,200 new dollar ordinary shares, being the issued share
capital of the company at the close of business on Friday 20 January 2006, to be
admitted to the Official List and, following approval and admission, trading in
the new dollar shares commences today. He works closely with colleagues in Mexico
and Texas to study complex binational water issues in the lower part
of the Rio Grande /Rio Bravo watershed and has authored or co-authored
a number of articles, book chapters and reports on this subject.

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This information is provided by RNS
The company news service from the London Stock Exchange

His professional career also includes
work with Resources for the Future in Washington, D. At Mortgagegreen, Rondio is responsible for
on-going loan activities, business development, lender liaisons and
donation recipient relations .S.

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"

Kinney continued, "For months, Texas legislators have been seeking a way
to address the crisis in public schools and the rapid increase in property tax
rates..businesswire.

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"While we are disappointed in the actions of the legislature in sending
this bill to the Governor , we trust that the Governor will hold to his
promise, and therefore are calling on him to veto this ill-considered
legislation.

The nominal value of each dollar denominated ordinary share is now 20 cents. 281-364-4023
mmathis@harc.S.

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Smith & Nephew Redenominates Share Capital

23 January 2006

Smith & Nephew plc (LSE: SN, NYSE: SNN) announces today that further to previous
announcements the share capital of the company has been redenominated into US
dollars by way of a reduction in capital and subsequent issue and allotment of
new dollar ordinary shares. Mathis is
adjunct faculty at the University of Houston, Clear Lake, where he
teaches environmental economics .com

John Rushing, of HDR, has more than 35 years' direct experience in
planning and engineering management including extensive experience
programming, planning, scheduling, negotiating, environmental ,
resource allocation, and public relations.

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The redenomination of the share capital was
approved by shareholders on 12 December 2005 and Court approval for the
reduction was received on 18 January 2006.

In addition, application has been made to the UK Listing Authority and to the
London Stock Exchange, and approval given, for 7,462,500 ordinary shares to be
blocklisted for admission to the Official List under the following schemes. The program is designed to help decision-makers
achieve more effective stewardship and preservation of some of the
state's most unique natural resources .S.S.

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Even if the legislature is able to pass some limited reforms on these
important issues, SB 5 is bad for consumers, bad for competition and bad for
Texas -- and should not become law.
"We trust the Governor will stand by his words, and we look forward to
working with the legislature to more fully address these issues in the future.edu

Tomek J.

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The new shares have the
same rights and restrictions as the previously issued sterling ordinary shares. He formed the Environmental Engineering Corporation (EEC) in
1995, working as the CEO for six years. Commerce Department delegate promoting U.

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Smith & Nephew is dedicated to helping improve people's lives. Environmental
Technologies .

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----ExpertSource:

As many environmentalists celebrate the 35th anniversary of
Earth Day today, others question where the environmental movement is
headed, according to an article The Associated Press. Mathis also directs HARC's research
program regarding water, development, and the environment in the
Texas-Mexico border region.

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And yet, while members' attention was focused on other areas, a
telecommunications bill that had failed in the regular session was
reintroduced .

The rights and obligations of the company's American Depositary Shares (ADS),
which are listed on the New York Stock Exchange, are not affected by the
redenomination and each ADS will continue to represent 5 ordinary shares. For
example, the Sierra Club has partnered with hunters and ranchers who
oppose oil and gas development in the Western states. He established and directs HARC's "Valuing Nature in Texas"
program, which uses a variety of economic techniques to demonstrate
the intangible but real economic value provided by the state's
environmental assets. Commerce
Secretary William Daley on international Trade Development Missions
such as the 1999 mission to South Korea for U.S .

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The redenomination has been
registered at Companies House. The company
prides itself on the strength of its relationships with its surgeons and
professional healthcare customers, with whom its name is synonymous with high
standards of performance, innovation and trust. He served with former U.

ideology unreasonable

AUSTIN, Texas, Tom Kinney, president of
Time Warner Cable-Austin Division and chairman of the board of the Texas Cable
+ Telecommunications Association (TCTA) issued the following statement today
after SB 5 passed in the Texas House and Senate:
"Governor Perry has stated that no other issues would be addressed in
special session until key education reforms and property tax reductions were
enacted.
"The passage of this special interest legislation seems to clearly violate
the spirit of the vow of the Governor. The
shares, which will rank pari passu in all respects with the new dollar shares in
issue, will be not be allotted immediately but as and when required pursuant to
the rules of the company's share option plans. The company has over 8,500
employees and operates in 33 countries around the world generating annual sales
of US$2.C. He is HDR's lead project
manager in the Comprehensive Everglades Restoration Project, the
largest environmental restoration project in U.

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"Should this special interest legislation actually become law in Texas, we
would expect there to be a number of legal challenges.

ExpertSource can offer several highly qualified experts
to comment on this story:

Mitchell Mathis is senior researcher at the Houston Advanced
Research Center, where he specializes in sustainable development,
environmental and natural resource policy, and Latin American
geography.

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Texas Cable Association Issues Statement Regarding Telecom Legislation Passage in the House and Senate

The next step in this
process will almost certainly be the courts , where the substantial legal
issues contained in this legislation hopefully will be resolved in a more
thoughtful way, without the undue influence of hordes of SBC lobbyists trying
to sway the outcome in their favor. Other research interests include the roles
of institutions, multiple jurisdictions and social relationships in
natural resource management, and the application of interdisciplinary
methodologies to examine complex environmental issues. At
the helm of the company, he was responsible for all business
development and long-term strategy, which included environmental and
sustainability project fund-raising.

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26 billion. He also spearheaded the development of an
animal waste-to-energy conversion system for Interglobal Waste
Management and the adaptation and advancement in waste gasification
technologies. An online
registration form is available at http://www.

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"We're not going to talk about
tuition revenue bonds, we're not going to talk about judicial pay raises,
we're not going to talk about a telecom bill.
"While neither school reform nor property tax reform seems close to
passage, the SBC-backed legislation has been sent to the Governor's desk. As CEO of Mortgagegreen , he ensures that
10 percent of the company's corporate gross profits are used most
cost-effectively in supporting social and environmental reform through
appropriate organizations.com/

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Educated as a mechanical and industrial
engineer, Rondio has always had a passion for environmental and social
activism. EEC focused on developing and
promoting advanced waste utilization and renewable energy systems. PR Contact: Caroline Alain-Rodman 415-487-8665
caroline@effendicommunications.