Holding(s) in Company

Smith (DS) PLC
28 January 2003


DS Smith Plc (the 'Company')

The Company received notification on 27 January 2003 that, as a result of share
sales on 23 January 2003 HBOS Plc and its subsidiaries no longer have a
notifiable interest in the ordinary shares of the Company.

Carolyn Cattermole - Company Secretary
28 January 2003


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