Holding(s) in Company

Smith (DS) PLC 28 February 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: ( ) 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) : A sale in a subsidiary of Prudential plc has crossed 4% triggering this notification. (X) 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): See attached schedule 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 26 February 2007 6. Date on which issuer notified: 28 February 2007 7. Threshold(s) that is/are crossed or reached: 4% / 8% 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 31,731,697 31,731,697 Resulting situation after the triggering transaction (vii) Class/type of shares if Number of Number of voting % of voting possible using the ISIN shares rights (ix) rights CODE Direct Direct (x) Indirect Direct Indirect (xi) 31,006,697 31,006,697 7.89% 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 31,006,697 7.89% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): Prudential plc (parent company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) 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: The Prudential Assurance Company Limited (a wholly owned subsidiary of Prudential plc) has dropped below a 4% notifiable interest triggering this notification. 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 Notifiable Position Report for Smith(DS) Ord GBP0.10 As at 28 February 2007 Percentage holdings are calculated using an issued share capital of 393,039,198 Registered Holder Holding % Prudential plc 31,006,697 7.89 total notifiable interest JP MORGAN NOMINEES 692,400 M&G INCOME INV CO LTD 600,000 NORTRUST NOMINEE LTD A/C 2,750,000 MHA01 NORTRUST NOMINEE LTD A/C 750,000 MHE01 NORTRUST NOMINEE LTD A/C 79,839 MHF01 NORTRUST NOMS LTD 642,689 NORTRUST NOMS LTD A/C 7,500,000 CRI01 NORTRUST NOMS LTD A/C 325,000 MVA01 NORTRUST NOMS LTD A/C 450,000 PUC01 PRUCLT HSBC GIS NOM (UK) 15,175,000 PAC AC PRUCLT HSBC GIS NOM (UK) 1,100,000 PHL AC PRUCLT HSBC GIS NOM (UK) 126,769 PPL AC PRUCLT HSBC GIS NOM (UK) 290,000 HYBF AC RECOVERY INV COMPANY 525,000 LIMITED Notifiable Position Report for Smith(DS) Ord GBP0.10 As at 28 February 2007 Percentage holdings are calculated using an issued share capital of 393,039,198 Registered Holder Holding % M&G Group Limited 30,314,297 7.71 M&G INCOME INV CO LTD 600,000 NORTRUST NOMINEE LTD A/C MHA01 2,750,000 NORTRUST NOMINEE LTD A/C MHE01 750,000 NORTRUST NOMINEE LTD A/C MHF01 79,839 NORTRUST NOMS LTD 642,689 NORTRUST NOMS LTD A/C CRI01 7,500,000 NORTRUST NOMS LTD A/C MVA01 325,000 NORTRUST NOMS LTD A/C PUC01 450,000 PRUCLT HSBC GIS NOM (UK) PAC AC 15,175,000 PRUCLT HSBC GIS NOM (UK) PHL AC 1,100,000 PRUCLT HSBC GIS NOM (UK) PPL AC 126,769 PRUCLT HSBC GIS NOM (UK) HYBF AC 290,000 RECOVERY INV COMPANY LIMITED 525,000 Notifiable Position Report for Smith(DS) Ord GBP0.10 As at 28 February 2007 Percentage holdings are calculated using an issued share capital of 393,039,198 Registered Holder Holding % M&G Investment Management 30,234,458 7.69 Limited M&G INCOME INV CO LTD 600,000 NORTRUST NOMINEE LTD A/C MHA01 2,750,000 NORTRUST NOMINEE LTD A/C MHE01 750,000 NORTRUST NOMS LTD 642,689 NORTRUST NOMS LTD A/C CRI01 7,500,000 NORTRUST NOMS LTD A/C MVA01 325,000 NORTRUST NOMS LTD A/C PUC01 450,000 PRUCLT HSBC GIS NOM (UK) PAC AC 15,175,000 PRUCLT HSBC GIS NOM (UK) PHL AC 1,100,000 PRUCLT HSBC GIS NOM (UK) PPL AC 126,769 PRUCLT HSBC GIS NOM (UK) HYBF AC 290,000 RECOVERY INV COMPANY LIMITED 525,000 Notifiable Position Report for Smith(DS) Ord GBP0.10 As at 28 February 2007 Percentage holdings are calculated using an issued share capital of 393,039,198 Registered Holder Holding % M&G Limited 30,314,297 7.71 M&G INCOME INV CO LTD 600,000 NORTRUST NOMINEE LTD A/C MHA01 2,750,000 NORTRUST NOMINEE LTD A/C MHE01 750,000 NORTRUST NOMINEE LTD A/C MHF01 79,839 NORTRUST NOMS LTD 642,689 NORTRUST NOMS LTD A/C CRI01 7,500,000 NORTRUST NOMS LTD A/C MVA01 325,000 NORTRUST NOMS LTD A/C PUC01 450,000 PRUCLT HSBC GIS NOM (UK) PAC AC 15,175,000 PRUCLT HSBC GIS NOM (UK) PHL AC 1,100,000 PRUCLT HSBC GIS NOM (UK) PPL AC 126,769 PRUCLT HSBC GIS NOM (UK) HYBF AC 290,000 RECOVERY INV COMPANY LIMITED 525,000 The Prudential Assurance 15,301,769 3.89 Company Limited PRUCLT HSBC GIS NOM (UK) PAC AC 15,175,000 PRUCLT HSBC GIS NOM (UK) PPL AC 126,769 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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