Holding(s) in Company

Smith (DS) PLC
17 December 2004


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Name of company

DS Smith Plc

2. Name of shareholder having a major interest

Legal & General Investment Management Limited

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

HSBC Global Custody Nominee (UK) Ltd a/c 914945 - 140,712

HSBC Global Custody Nominee (UK) Ltd a/c 775245 - 1,564,858

HSBC Global Custody Nominee (UK) Ltd a/c 357206 - 13,053,085

HSBC Global Custody Nominee (UK) Ltd a/c 866203 - 543,480

HSBC Global Custody Nominee (UK) Ltd a/c 916681 - 20,000

HSBC Global Custody Nominee (UK) Ltd a/c 360509 - 524,474


5. Number of shares / amount of stock acquired

2,699,384

6. Percentage of issued class

0.70%

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

17 December 2004

11. Date company informed

17 December 2004

12. Total holding following this notification

15,846,609

13. Total percentage holding of issued class following this notification

4.09%

14. Any additional information

N/A

15. Name of contact and telephone number for queries

Angela Hunter, 020 7932 5032

16. Name and signature of authorised company official responsible for making
this notification

Carolyn Cattermole, Company Secretary

Date of notification 17 December 2004





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