Business
Holding(s) in Company
Cevian Capital II GP Limited, through its managed funds, has increased its stake in Smith & Nephew Plc to 10.094356%, acquiring 85,790,848 voting rights. This represents a significant increase from their previous holding of 5.021046%. The acquisition was completed on March 19, 2026, and notified to the issuer on March 23, 2026. The shares are held indirectly via Aurora Nominees Limited, acting as nominee for UBS AG. Disclaimer*
About this update from Smith & Nephew Plc
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 England 5. Date on which the threshold was crossed or reached 19-Mar-2026 6. Date on which Issuer notified 23-Mar-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 10.094356 0.000000 10.094356 85790848 Position of previous notification (if applicable) 5.021046 0.000000 5.021046 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 85790848 10.094356 Sub Total 8.A 85790848 10.094356% 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. 8.910957 8.910957% Cevian Capital II G.P. Limited Cevian Capital II Co-Investment - Series P L.P. 1.183399 1.183399% 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). 12. Date of Completion 23-Mar-2026 13. Place Of Completion Jersey
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