Holding(s) in Company

Smith (DS) PLC
21 January 2003

                                  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

528,999


6. Percentage of issued class

0.16%


7. Number of shares / amount of stock disposed

N/A


8. Percentage of issued class

N/A


9. Class of security

Ordinary shares of 10p each


10. Date of transaction

20 January 2003


11. Date company informed

21 January 2003


12. Total holding following this notification

32,753,850


13. Total percentage holding of issued class following this notification

10.19%


14. Any additional information

Henderson Global Investors Limited advised the Company on 21 January 2003 that
it and its associated companies (acting as agent for its discretionary clients)
hold (either directly or indirectly) 32,753,850 ordinary 10p shares in the
Company, representing 10.19% of the 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

21 January 2003


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