Notification of Major Holdings in Smith & Nephew plc

This report details a change in major shareholding for Smith & Nephew plc. Cevian Capital II GP Limited, acting as the general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment - Series P L.P., has increased its aggregate voting rights in the company. The notification is made for transparency purposes. The increase in voting rights is primarily due to an increase in holdings via Cevian Capital II Master Fund L.P. The total voting rights held by Cevian Capital II GP Limited have risen to 11.183442% from a previous notification of 11.013663%. The legal owner of the shares is Aurora Nominees Limited, acting as nominee for UBS AG, the custodian. Cevian Capital II G.P. Limited has not crossed a new notification threshold with this change.