Completion of Acquisition

Smith (DS) PLC
01 September 2004


                                                                1 September 2004

Completion of DS Smith's Acquisition of BPB Recycling

DS Smith, the international packaging manufacturer and office products
wholesaler, announces that its acquisition of BPB Recycling was completed on 31
August, following clearance of the transaction by the Office of Fair Trading.

Enquiries


DS Smith Plc                                                   020 7932 5000
Tony Thorne, Group Chief Executive
Peter Aubusson, Group Communications Manager

Financial Dynamics                                             020 7269 7291
Robert Gurner/Richard Mountain


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