Smith & Nephew PLC — AGM Information 2024

May 1, 2024

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title: To Whom it May Concern
author: lora
date: 2021-04-12 13:24:00+00:00

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Helen Barraclough

Company Number 00324357

THE COMPANIES ACT 2006

COMPANY LIMITED BY SHARES

SPECIAL RESOLUTIONS OF

SMITH & NEPHEW PLC (the “Company”)

At the eighty-seventh Annual General Meeting of the Company held on 1 May 2024, the following special business resolutions were passed:-

1. To renew the Directors’ authority to allot shares (Ordinary Resolution)

To generally and unconditionally authorise the Directors pursuant to section 551 of the Companies Act 2006 (the ‘Act’), and as permitted by the Company’s Articles of Association (the ‘Articles’), to exercise all their powers to allot shares in the Company and to grant rights to subscribe for, or to convert any security into shares in the Company:

(a) up to an aggregate nominal amount of US$58,287,947 – such amount to be reduced by any allotments or grants made under paragraph (b) below in

excess of such sum; and

(b) comprising equity securities (as defined in section 560 of the Act) in the Company up to an aggregate nominal amount of US$116,575,894 (such amount to be reduced by any allotments or grants made under paragraph (a) above) in connection with a fully pre-emptive offer:

to ordinary shareholders in proportion (as nearly as may be practicable) to their existing holdings; and

to holders of other equity securities as required by the rights of those securities or, if the Directors consider it necessary,

and, in both cases, so that the Directors may impose any limits or restrictions and make any arrangements which they consider necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter.

The authorisations pursuant to this resolution 18 shall expire at the conclusion of the Annual General Meeting of the Company in 2025 or at the close of business on 31 July 2025, whichever is earlier (unless the resolution is previously renewed, varied or revoked by the Company in a General Meeting). However, if the Company, before such authority expires, makes any offer or agreement which would or might require shares to be allotted, or rights to subscribe for or convert any security into shares to be granted, after this authority expires, the Directors may allot such shares and grant rights to subscribe for or to convert any security into shares in pursuance of any such offer or agreement as if the authorisation conferred hereby had not expired.

1. To approve the Restricted Share Plan (Ordinary Resolution)

To approve the Restricted Share Plan (the ‘Plan’) summarised in the Appendix to

this Notice of Meeting, and to authorise the Directors to establish the Plan and

take all such other actions as envisaged by the Plan rules, a copy of which will be presented to the Annual General Meeting.

1. To renew the Directors’ authority for the disapplication of the pre-emption rights (Special Resolution)

That, subject to the passing of resolution18, the Directors be and are hereby

generally given power, to allot equity securities (as defined in section 560 of

the Act) in the Company for cash, either pursuant to the authority granted by

resolution 18 or through the sale of treasury shares for cash, as if section

561(1) of the Act did not apply to any such allotment or sale, provided that such power shall be limited:

(a) to the allotment of equity securities or sale of treasury shares in connection

with an offer of, or invitation to apply for, equity securities (but in the case of

the authority granted under paragraph (a) of resolution 18, by way of a fully pre-emptive offer only) to:

(i) ordinary shareholders in proportion (as nearly as may be practicable) to

their existing holdings; and

(ii) holders of other equity securities as required by the rights of those

securities or, if the Directors consider it necessary, as permitted by the rights of those securities;

and so that the Directors may impose any limits or restrictions and make any

arrangements which they consider necessary or appropriate to deal with any treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter;

(b) in the case of the authority granted under paragraph (a) of resolution 18 and/or in the case of any sale of treasury shares, to the allotment of equity securities or sale of treasury shares for cash otherwise than pursuant to paragraph (a) above up to an aggregate nominal amount of US$17,486,384; and

(c) to the allotment of equity securities or sale of treasury shares (otherwise than under paragraph (a) or paragraph (b) above) up to a nominal amount equal

to 20% of any allotment of equity securities or sale of treasury shares from time to time under paragraph (b) above, such authority to be used only for the purposes of making a follow-on offer which the Directors determine to be of a kind contemplated by paragraph 3 of Section 2B of the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this notice,

such authority to expire at the conclusion of the Annual General Meeting of the Company in 2025 or at the close of business on 31 July 2025, whichever is earlier (unless the resolution is previously renewed, varied or revoked by the Company in a General Meeting). In each case, prior to its expiry the Company may make an offer or agreement which would or might require equity securities to be allotted (and treasury shares to be sold) after this power expires and the Directors may allot equity securities (and sell treasury shares) in pursuance of any such offer or agreement as if this power had not expired.

1. To authorise the Directors’ to disapply pre-emption rights for the purposes of acquisitions or other capital investments (Special Resolution)

That, subject to the passing of resolution 18, the Directors be and are hereby

generally given power, in addition to any power granted pursuant to resolution 20, to allot equity securities (as defined in section 560 of the Act) in the Company for cash, either pursuant to the authority granted by paragraph (a) of that resolution 18 or through the sale of treasury shares for cash as if section 561 of the Act did not apply to any such allotment or sale, provided that such power shall be limited:

(a) to the allotment of equity securities or sale of treasury shares up to an aggregate nominal amount of US$17,486,384 and such authority is to be used only for the purposes of financing a transaction which the Directors of the Company determine to be an acquisition or other capital investment of a kind contemplated by the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this Notice of Meeting, or for the purposes of refinancing such a transaction within 12 months of its taking place; and

(b) to the allotment of equity securities or sale of treasury shares (otherwise than under paragraph (a) above) up to a nominal amount equal to 20% of any allotment of equity securities or sale of treasury shares from time to time under paragraph (a) above, such authority to be used only for the purposes of making a follow-on offer which the Directors of the Company determine to be of a kind contemplated by paragraph 3 of Section 2B of the Statement of Principles on Disapplying Pre-Emption Rights most recently published by the Pre-Emption Group prior to the date of this notice,

such authority to expire at the conclusion of the Annual General Meeting of the Company in 2025 or at the close of business on 31 July 2025, whichever is earlier (unless the resolution is previously renewed, varied or revoked by the Company in a General Meeting). In each case, prior to its expiry the Company may make an offer or agreement which would or might require equity securities to be allotted (and treasury shares to be sold) after this power expires and the Directors may allot equity securities (and sell treasury shares) in pursuance of any such offer or agreement as if this power had not expired.

1. To renew the Directors’ limited authority to make market purchases of the Company’s own shares (Special Resolution)

That the Directors be generally and unconditionally authorised for the purposes of section 701 of the Act to make market purchases (within the meaning of section 693(4) of the Act) of any of its ordinary shares of 20 US cents each in the capital of the Company on such terms and in such manner as the Directors may from time to time determine, provided that:

(a) the maximum number of ordinary shares which may be purchased is 87,431,921;

(b) the minimum price that may be paid for each ordinary share is 20 US cents

which amount is exclusive of expenses, if any; and

(c) the maximum price (exclusive of expenses) that may be paid for each ordinary share is an amount equal to the higher of: (i) 105 percent of the average market quotation of an ordinary share of the Company as derived from the Daily Official List of the London Stock Exchange plc over the 5 business days immediately preceding the day on which such share is contracted to be purchased; and (ii) an amount equal to the higher of the price of the last independent trade of an ordinary share and the highest current independent purchase bid on the trading venues where the purchase is carried out,

such authority to apply, unless previously renewed, varied or revoked by the Company at a General Meeting, until the conclusion of the Annual General Meeting of the Company in 2025 or at the close of business on 31 July 2025, whichever is the earlier. The Company may, before this authority expires, make a contract to purchase ordinary shares that would or might be executed wholly or partly after the expiry of this authority, and may make purchases of ordinary shares pursuant to it as if this authority had not expired.

1. To authorise general meetings to be held on 14 clear days’ notice (Special Resolution)

That a General Meeting of the Company, other than an Annual General Meeting, may be called on not less than 14 clear days’ notice.

Certified as a true copy.

………………………………………………………….

Group General Counsel and Company Secretary