Cessation of interest

Smith (DS) PLC
25 June 2002

DS Smith Plc (the 'Company') - 25 June 2002


The Company received notification today that, as a result of share sales on 21
June 2002 CGNU plc and its subsidiary Morley Fund Management Limited no longer
have a notifiable interest in the ordinary shares of 10p each in the Company.

Carolyn Cattermole - Company Secretary



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