Holding(s) in Company

Smith (DS) PLC 29 November 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): The Goldman Sachs Group, Inc. 4. Full name of shareholder(s) (if different from 3.) (iv): Goldman, Sachs & Co., Goldman Sachs International, Goldman Sachs Asset Management International, Goldman Sachs Asset Management, L.P. 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 27 November 2007 6. Date on which issuer notified: 29 November 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 Below 3% Resulting situation after the triggering transaction (vii) Class/type of shares if Number of Number of voting rights % of voting possible using the ISIN CODE shares (ix) rights Direct Direct (x) Indirect (xi) Direct Indirect GB0008220112 137,515 19,716,047 0.04% 5.01% 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 19,853,562 5.05% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): The interest in 640,310 shares arose from an interest held by Goldman, Sachs & Co., a wholly-owned direct subsidiary of GS Inc, acting as custodian for its customers. These shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited. The interest in 137,515 shares arose from a beneficial interest held by Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. These shares are, or will be, registered at CREST in account CREPTEMP. The interest in 6,331,487 shares arose from the interest held by Goldman Sachs Asset Management International, a wholly-owned subsidiary of GS Inc acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ('GSSN'), The interest in 12,744,250 shares arose from the interest held by Goldman Sachs Asset Management, LP a wholly-owned subsidiary of GS Inc acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ('GSSN'). 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: General email contact: shareholderdisclosures@gs.com 14. Contact name: Sean Rogers/Alan Cox 15. Contact telephone number: 020 7552 9205 / 020 7774 8774 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 This information is provided by RNS The company news service from the London Stock Exchange

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Smith (DS) (SMDS)
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