Directors' Dealings

SMITH(DAVID S)(HOLDINGS) PLC 6 October 1999 DAVID S SMITH (HOLDINGS) PLC ('the Company') We hereby notify you that, on 5 October 1999, the following Directors of David S Smith (Holdings) PLC were granted options over ordinary shares of the Company under the 1999 Executive Share Option Scheme at an exercise price of 163.1p per share, exercisable over the period 5 October 2002 to 4 October 2009. The options currently granted would be satisfied by market purchase shares. Director Options Granted Total Shares Under Option (following this grant) J P Williams 51,760 600,210 D F Buttfield 113,380 396,630 J S Russell 21,151 301,069 E C Smith 110,313 202,863

Companies

Smith (DS) (SMDS)
UK 100