Director/PDMR Shareholding

Smith (DS) PLC
09 January 2007


                          DS Smith Plc ('the Company')

                            Directors' Shareholdings



We hereby notify you that on 8 January 2007, Tony Thorne, a Director of DS Smith
Plc exercised his option under the Company's Restricted Share Plan Scheme and
acquired 71,774 ordinary shares of the Company at a total exercise price of
100p.


At the same time Mr Thorne sold 29,489 of the acquired shares at a price of

203p per share in order to pay the income tax, NIC, and dealing expenses due on
the exercise.


Mr Thorne holds a total of 251,169 shares of the Company, being 0.064% of the
issued share capital following this notification.


We also notify you that on the same date, Gavin Morris, a Director of DS Smith
Plc exercised his option under the Company's Restricted Share Plan Scheme and
acquired 28,219 ordinary shares of the Company at a total exercise price of
100p.


At the same time Mr Morris sold 11,595 of the acquired shares at a price of

203p per share in order to pay the income tax, NIC, and dealing expenses due on
the exercise.


Mr Morris holds a total of 29,322 shares of the Company, being 0.007% of the
issued share capital following this notification.


Carolyn Cattermole

9 January 2007




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