Director Shareholding

Smith (DS) PLC 03 August 2004 In pursuance of the Company's obligations under Section 329 of the Companies Act 1985 and Chapter 16, paragraphs 16.13(a) and 16.13(c) of the Listing Rules, I hereby notify you of the following Directors' share transactions which occurred on 2 August 2004: 1) The Directors listed below have notified the Company that they have become interested in the number of ordinary shares of 10p each of the Company indicated below as a result of a purchase by the David S. Smith Employee Benefit Trust Limited as Trustees of The David S. Smith Employee Benefit Trust ('the Trust'). With the exception of items referred to in sub-paragraph 2, below, these interests arise merely because the Directors are (together with other Group employees) potential beneficiaries of the Trust. Director: Date of Transaction: No. of Shares: Price per Share: A D Thorne ) G M Morris ) 2 August 2004 527,606 159p J- P Loison ) The Trust now holds a total of 2,210,591 shares of the Company. 2) The Directors listed below have notified the Company that the following awards have been granted as part of the Company's Restricted Share Plan ('the Plan') as a result of which each of them have been granted options to acquire from the Trust the number of ordinary shares of 10p each of the Company indicated below (which are also included in paragraph 1 above) for a total consideration of £1 payable by each Director to the Company subject to the conditions set out in the rules of the Plan. The grants under the Plan referred to above are normally exerciseable on the third anniversary of the date of grant being 2 August 2007. Director: Date of Grant: No. of Shares: A D Thorne ) 2 August 2004 43,610 G M Morris ) 25,948 J-P Loison ) 58,189 FOR AND ON BEHALF OF DS SMITH PLC Company Official Responsible for making this notification: Carolyn Cattermole, Company Secretary. Date of this notification: 3 August 2004. This information is provided by RNS The company news service from the London Stock Exchange SFXLFBZVBXBBV

Companies

Smith (DS) (SMDS)
UK 100