Holding(s) in Company

Smith (DS) PLC
12 July 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


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) : ( )


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

Prudential plc 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):

9 July 2007


6. Date on which issuer notified:

11 July 2007


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

5%


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)

GB0008220112                              20,617,483                20,617,483





Resulting situation after the triggering transaction (vii)

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

                                  Direct     Direct   Indirect   Direct Indirect
                                             (x)      (xi)

                                  Below 5%   Below 5%            Below
                                                                 5%


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)



N/A         N/A        N/A             N/A                               N/A



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

Below 5%                                     Below 5%


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


Proxy Voting:


10. Name of the proxy holder:
N/A


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

N/A


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


13. Additional Information: Prudential plc group of companies no longer have a
notifiable interest at 3% or 5%.


14. Contact Name and Tel No: Emma Thompson, 020 7548 2293


B: 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 5000








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