Director/PDMR Shareholding

Smith (DS) PLC
25 January 2006


RNS number: 209136
Smith (DS) PLC
25 January 2006

We hereby notify you that on 25 January 2006, Tony Thorne, a Director of DS
Smith Plc, exercised his options under the Company's Executive Share Option
Scheme and acquired 428,880 ordinary shares of the Company at an exercise price
of 139.89p per share and 215,834 ordinary shares of the Company at an exercise
price of 138.96p per share. This gave a total exercise price of £899,883.16

At the same time Mr Thorne sold 568,982 of the acquired shares at a price of
174.1p in order to pay the income tax, NIC, exercise cost and dealing expenses
due on the exercise.

Mr Thorne holds a total of 158,884 shares of the Company, being 0.04% of the
issued share capital following this notification.

We also notify you that on the same date, Mr Jean-Paul Loison, a Director of DS
Smith Plc, exercised his options under the Company's Executive Share Option
Scheme and acquired 124,497 ordinary shares of the Company at an exercise price
of 139.37p per share. This gave a total exercise price of £173,511.47

At the same time Mr Loison sold 99,911 of the acquired shares at a price of
174.1p in order to pay the exercise cost and dealing expenses due on the
exercise.

Mr Loison holds a total of 77,364 shares of the Company, being 0.02% of the
issued share capital following this notification.

Carolyn Cattermole
Company Secretary

25 January 2006



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