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Smith & Nephew Completes Acquisition of the Assets of Nucryst Pharmaceuticals Corp.
Date:12/22/2009

Group Director Corporate Affairs Phil Cowdy Tel: +44 (0) 20 7401 7646 Smith & Nephew Director - Investor Relations Other Inquiries Roger Teasdale Tel: +44 (0) 14 8267 3905 President, Advanced Wound Management Media Jon Coles Tel: +44 (0) 20 7404 5959 Brunswick - London Katie Cralle Tel: +1 (212) 333 3810 Brunswick - New York

About Us

Smith & Nephew is a global medical technology business, specialising in Orthopaedics, including Reconstruction, Trauma and Clinical Therapies; Endoscopy and Advanced Wound Management. Smith & Nephew is a global leader in arthroscopy and advanced wound management and is one of the leading global orthopaedics companies.

Smith & Nephew is dedicated to helping improve people's lives. 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. The Company operates in 32 countries around the world. Annual sales in 2008 were nearly $3.8 billion.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. In particular, statements regarding expected revenue growth and trading margins discussed under "Outlook" are forward-looking statements as are discussions of our product pipeline. These statements, as well as the phrases "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions, are generally intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties an
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