Holding(s) in Company

RNS Number : 1793J

Smurfit Kappa Group PLC

28 November 2008

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting

rights are attached:

Smurfit Kappa Group plc.

2. Reason for the notification

(please place an X inside the appropriate bracket/s):

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): ( )

3. Full name of person(s) subject to notification obligation:

Bestinver Gestion, S.A. SGIIC

4. Full name of shareholder(s) (if different from 3) :

5. Date of transaction (and date on which the threshold is crossed or reached if different):

27 October 2008

6. Date on which issuer notified:

28 November 2008

7. Threshold(s) that is/are crossed or reached:

8. Notified Details:

A: Voting rights attached to shares

Class/type of shares if possible use ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting rights
IE00B1RR8406	8,533,259	8,533,259

	Resulting situation after the triggering transaction
Class/type of shares if possible use ISIN CODE	Number of shares	Number of voting rights		% of voting rights
		Direct	Indirect	Direct	Indirect
IE00B1RR8406	8,759,383	Nil	8,759,383	Nil	4.02%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration date	Exercise/conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/ converted)	% of voting rights
Nil

Total (A+B)

Number of voting rights	% of voting rights
8,759,383	4.02%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable :

N/A

Proxy Voting:

10. Name of 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:

Investment Institution	Number of shares	%
Bestinfond FI	3,361,938	1.54%
Bestinver Internacional FI	3,082,714	1.41%
SOIXA SICAV	883,732	0.41%
Bestinver Bestvalue SICAV	528,563	0.24%
Bestinver Mixto Internacional FI	250,674	0.11%
Texrenta Inversiones SICAV	177,586	0.08%
Bestinver Hedge Value Fund FIL	175,595	0.08%
Besitinver Renta FI	172,009	0.08%
Loupri Inversiones	47,104	0.02%
Divalsa de Inversiones SICAV, SA	30,414	0.01%
Acciones, Cup y Obli Segovianas	23,345	0.01%
Linker Inversiones SICAV, SA	17,290	0.01%
Jorick Investment	8,419	0.00%
Total	8,759,383	4.02%