Director Shareholding

Smith(David S)(Holdings) PLC
14 August 2001

David S. Smith (Holdings) PLC ('the Company')


We hereby notify you that on 7 August 2001, Mr O A Stratton a Director of
David S. Smith (Holdings) PLC exercised his option under the Company's
Employee Benefit Trust and acquired 29,673 ordinary shares of the Company at a
total exercise price of 100p.


Mr O A Stratton holds a total of 862,466 shares of the Company, being 0.27% of
the issued share capital, following this notification.


Carolyn Cattermole - Company Secretary

14 August 2001