Holding(s) in Company

Smith (DS) PLC
3 July 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

DS Smith Plc

2) Name of shareholder having a major interest

Henderson Global Investors Limited and its associated 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

Henderson Global Investors Limited

5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

199,773

8) Percentage of issued class

0.06%

9) Class of security

Ordinary Shares of 10p each

10) Date of transaction

1 July 2002

11) Date company informed

3 July 2002

12) Total holding following this notification

35,159,736


13) Total percentage holding of issued class following this notification

10.94%

14) Any additional information

Henderson Global Investors Limited advised the Company on 1 July 2002 that it
and its associated companies (acting as agent for its discretionary clients)
hold either directly or indirectly 35,159,736 ordinary 10p shares in the
Company, representing 10.94% of the issued share capital.

15) Name of contact and telephone number for queries

Angela Hunter, 020 7932 5000

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

Carolyn Cattermole, Company Secretary

Date of notification 3 July 2002



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