Directors' Notification of Dealing in Shares

Smith(David S)(Holdings) PLC
14 July 2000


DAVID S. SMITH (HOLDINGS) PLC ('THE COMPANY')
MR E C SMITH - SHARE SALE

The Company received notification on 14 July 2000 that Mr Eric Cecil Smith, a
Director of the Company, sold 60,000 ordinary shares at a price of 180p per
share.

Paul Froud - Group Communications Manager