Holding(s) in Company

Smith (DS) PLC
29 July 2005


DS Smith Plc (the 'Company')

The Company received notification on 29 July 2005 that, as a result of share
purchases on 28 July 2005, Deutsche Bank AG (and its subsidiary companies) have
an interest in 12,333,630 ordinary shares, being 3.17% of the total issued share
capital of the Company.

Carolyn Cattermole
Company Secretary
29 July 2005

Tel: [phone]



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