Holding(s) in Company

Smith (DS) PLC
30 March 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

DS Smith Plc


2. Reason for the notification (please state Yes/No): ( )


An acquisition or disposal of voting rights: ( X )


An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )


An event changing the breakdown of voting rights: ( )


Other (please specify) : Initial notification as per regulatory requirement ( )


3. Full name of person(s) subject to the notification obligation (iii):

AXA S.A., 25 Avenue Matigon, 75008 Paris and its group of companies


4. Full name of shareholder(s) (if different from 3.) (iv):


5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):

28 March 2007


6. Date on which issuer notified:

30 March 2007


7. Threshold(s) that is/are crossed or reached:

14%



8. Notified details:


A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)

0822011                                 55,204,290     55,204,290



Resulting situation after the triggering transaction (vii)

Class/type of shares if Number of    Number of voting rights    % of voting
possible using the ISIN shares       (ix)                       rights
CODE

                        Direct       Direct (x)   Indirect (xi) Direct  Indirect

0822011                 4,008,795    4,008,795    50,900,495    1.02    12.95


B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)





Total (A+B)
Number of voting rights                      % of voting rights

54,909,290                                      13.97%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):

See attached schedule.


Proxy Voting:


10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease to hold:


12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:


14. Contact name:
Terry Marsh


15. Contact telephone number:
020 7003 2637



Identity of the notifier, if applicable (xvii)


Full name:

Carolyn Cattermole


Contact address:

DS Smith Plc, 4-16 Artillery Row, London SW1P 1RZ


Phone number:

020 7932 5030


                                    SCHEDULE

9. Chain

Name of Company/Fund            Number of Shares    % of issued share capital

AXA Rosenberg                             741,000                      0.18853
Direct
AXA Rosenberg                             555,000                      0.14121
Direct 
AXA Financial, Inc                     35,376,824                      9.00084
Indirect
AXA Rosenberg                          15,506,971                      3.94540
Indirect
AXA Financial Inc *                        16,700                      0.00425
Indirect
Sun Life Pensions Management
Limited                                    22,500                      0.00572
Direct
Sun Life Pensions Management
Limited                                   158,000                      0.04020
Direct
Sun Life Unit Assurance Limited
ABL High Alpha                            341,900                      0.08699
Direct
Sun Life Unit Assurance All
Share Tracker                              67,052                      0.01706
Direct
Sun Life Pensions Management
ABL High Alpha                          1,648,800                      0.41950
Direct
Sun Life Pensions Management
FTSE All Share Tracker                    375,708                      0.09559
Direct
AXA Winterthur                             98,835                      0.02515
Direct

                   Total Direct         4,008,795                      1.01995
                 Total Indirect        50,900,495                     12.95049
                        TOTAL          54,909,290                     13.97044




                      This information is provided by RNS
            The company news service from the London Stock Exchange