Holding(s) in Company

RNS Number : 8009K

Smurfit Kappa Group PLC

24 December 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):

19 December 2008

6. Date on which issuer notified:

23 December 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	10,774,334	10,774,334

	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	11,078,490	Nil	11,078,490	Nil	5.08%

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
11,078,490	5.08%

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	%
Bestinver Internacional FI	3,980,474	1.83%
Bestinfond FI	3,874,803	1.78%
SOIXA SICAV	982,123	0.45%
Bestinver Bestvalue SICAV	750,871	0.34%
Bestinver Hedge Value Fund FIL	484,918	0.22%
Besitinver Renta FI	328,381	0.15%
Bestinver Mixto Internacional FI	310,846	0.14%
Texrenta Inversiones SICAV	213,910	0.10%
Loupri Inversiones	56,739	0.03%
Divalsa de Inversiones SICAV, SA	36,635	0.02%
Acciones, Cup y Obli Segovianas	28,120	0.01%
Linker Inversiones SICAV, SA	20,827	0.01%
Jorick Investment	9,843	0.00%
Total	11,078,490	5.08%