Holding in Company

Smith(David S)(Holdings) PLC
16 July 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

David S. Smith (Holdings) PLC

2) Name of shareholder having a major interest

Deutsche Bank AG and its subsidiary companies

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

As above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Deutsche Bank AG and its subsidiary companies

5) Number of shares/amount of stock acquired

6) Percentage of issued class

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

Ordinary shares of 25p each

10) Date of transaction

13 July 2001

11) Date company informed

13 July 2001

12) Total holding following this notification

39,299,688

13) Total percentage holding of issued class following this notification

12.25%

14) Any additional information

The Company was informed on 13 July 2001 that Deutsche Bank AG and its
subsidiary companies have an interest in 39,299,688 ordinary shares in the
company, being 12.24% of the issued share capital.

15) Name of contact and telephone number for queries

Anne Steele 020 7932 5031

16) Name and signature of authorised company official responsible for
making this notification

Carolyn Cattermole, Company Secretary

Date of notification 16 July 2001