RNS Number : 9033E
Smith & Nephew Plc
19 May 2026
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0009223206
Issuer Name
SMITH & NEPHEW PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Cevian Capital II GP Limited
City of registered office (if applicable)
`St Helier
Country of registered office (if applicable)
Jersey
4. Details of the shareholder
Name
City of registered office
Country of registered office
Aurora Nominees Limited
London
United Kingdom
5. Date on which the threshold was crossed or reached
14-May-2026
6. Date on which Issuer notified
18-May-2026
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached
11.183442
0.000000
11.183442
95512095
Position of previous notification (if applicable)
11.013663
0.000000
11.013663
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible)
Number of direct voting rights (DTR5.1)
Number of indirect voting rights (DTR5.2.1)
% of direct voting rights (DTR5.1)
% of indirect voting rights (DTR5.2.1)
GB0009223206
95512095
11.183442
Sub Total 8.A
95512095
11.183442%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument
Expiration date
Exercise/conversion period
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument
Expiration date
Exercise/conversion period
Physical or cash settlement
Number of voting rights
% of voting rights
Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person
Name of controlled undertaking
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Cevian Capital II G.P. Limited
Cevian Capital II Master Fund L.P.
10.005808
10.005808%
Cevian Capital II G.P. Limited
Cevian Capital II Co-Investment - Series P L.P.
1.177635
1.177635%
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Cevian Capital II G.P. Limited acts as general partner for Cevian Capital II Master Fund L.P. and Cevian Capital II Co-Investment - Series P L.P.
The legal owner of the shares is Aurora Nominees Limited (acting as nominee), which holds the shares on behalf of UBS AG (acting as custodian).
This notification is made for transparency purposes. Since Cevian Capital II G.P. Limited's notification dated 13 May 2026, the percentage of voting rights held via Cevian Capital II Master Fund L.P. has increased to 10.005808% (previously notified percentage: 9.836028%). The percentage of voting rights held via Cevian Capital II Co-Investment - Series P L.P. remains the same as disclosed in the notification dated 13 May 2026 (previously notified percentage: 1.177635%).
As a result of this increase, Cevian Capital II G.P. Limited's aggregate holding is now 11.183442% (previ-ously notified percentage: 11.013663%). Cevian Capital II G.P. Limited has not crossed a new notification threshold as a result of this increase.
12. Date of Completion
18-May-2026
13. Place Of Completion
Jersey
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