Directors' Dealings

Smith(David S)(Holdings) PLC
30 November 1999


DIRECTORS SHAREHOLDINGS
DAVID S. SMITH (HOLDINGS) PLC ('THE COMPANY')

ON 22 NOVEMBER 1999, THE DIRECTORS SHOWN BELOW WERE GRANTED OPTIONS OVER
ORDINARY SHARES OF THE COMPANY UNDER THE 1999 INTERNATIONAL SHARESAVE SCHEME
AT AN EXERCISE PRICE OF 148.1P PER SHARE AND EXERCISING OVER THE PERIOD OF 6
MONTHS FROM 23 NOVEMBER 2002:-

D F BUTTFIELD          6070
J S RUSSELL            6070
E C SMITH              6070

J S RUSSELL
DIRECTOR & COMPANY SECRETARY