Holding(s) in Company

Smith (DS) PLC 14 March 2008 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) : Exemption DTR 5.1.5 (1) ( X ) 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): 12 March 2008 6. Date on which issuer notified: 14 March 2008 7. Threshold(s) that is/are crossed or reached: Below 3% 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 19,781,126 5.03% 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) 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 Below 3% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): We hereby notify you that as at close of business on 12 March 2008, the Goldman Sachs Group, Inc., of 85 Broad Street, New York, NY 10004, USA, no longer has a notifiable interest in shares. 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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