WRIGHT MEDICAL TECHNOLOGY, INC. AND SUBSIDIARIES

                                         COMPUTATION OF EARNINGS PER SHARE

                                       (in thousands, except loss per share)
                                                    (unaudited)



                                                              Three Months Ended                         Six Months Ended
                                                   --------------------------------------      ----------------------------------
                                                      June 30, 1996        June 30, 1995        June 30, 1996      June 30, 1995
                                                   ------------------     ---------------      ----------------   ---------------

                                                                                                       
Net loss                                            $        (1,509)     $       (1,539)       $       (2,998)     $     (1,145)

Dividends on preferred stock                                 (3,564)             (2,128)               (7,141)           (4,524)
Accretion of preferred stock discount                        (1,615)               (407)               (3,229)             (814)
                                                   -----------------     ---------------       ---------------     -------------

Net loss applicable to common
       and common equivalent shares                 $        (6,688)     $       (4,074)       $      (13,368)     $     (6,483)
                                                   =================     ===============       ===============     =============

Weighted average shares of
       common stock outstanding (a)                           9,016               8,824                 8,987             8,730
                                                   =================     ===============       ===============     =============

Loss per share of common stock                      $         (0.74)     $        (0.46)       $        (1.49)     $      (0.74)
                                                   =================     ===============       ===============     =============





<FN>
(a)    Because of the net loss  applicable to common stock for the three and six
       months  ended June 30, 1996 and June 30,  1995,  the assumed  exercise of
       common stock  equivalents  has not been  included in the  computation  of
       weighted  average  shares  outstanding  because  their  effect  would  be
       anti-dilutive.
</FN>



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