$re = '/\s+(https?.+?)(<|\s)/m';
$str = '<h1>Hello</h1>
Visit this link: http://www.link1.com<br />
Visit this link: http://www.link1.com <br />
Visit this link: http://www.link1.com/some_other_words <br />
And <strong>this</strong>:
<a href="http://www.link2.com">http://www.link2.com</a>';
$subst = " <a href=\"$1\">$1</a>$2";
$result = preg_replace($re, $subst, $str);
echo "The result of the substitution is ".$result;
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php