Holding in Company

Smith(David S)(Holdings) PLC
29 June 2001


Letter to Smith (David S) Holdings Plc
28 June 2001

Further to our letter of 03 April 2001, and in accordance with Sections 198-202
of the Companies Act 1985, we write on behalf of Deutsche Bank AG, to inform you
that, on the basis that the relevant issued share capital of your company is 
320,821,284 ordinary shares, Deutsche Bank AG and its subsidiary companies have
a notifiable interest in the shares of 11.30%.  The total interest is in
36,255,517 shares registered in the names and in the amounts as set out in the
Schedule below.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany, of which
Deutsche Bank AG London is a branch.

Companies within the Group acting as Fund Managers hold some of the shares on
behalf of a number of clients whose portfolios are managed on a discretionary
basis.

Letter from Deutsche Bank AG London


SCHEDULE

                         Smith (David S.) Holdings PLC
                             ORDINARY £0.10 SHARES

Held as Principal                                               No. of Shares

Morgan Grenfell & Co Ltd                                             45,057
Deutsche Bank AG London                                             535,289


Held in Customer Portfolios

Morgan Nominees                                                  14,760,193
Morgan Nominees Account CSL                                         113,000
Morgan Nominees Account ENF                                         357,300
Morgan Nominees Account LAM                                         435,400
Morgan Nominees Account NG                                          188,618
Morgan Nominees Account PGP                                          78,000
Morgan Nominees Account SL                                        1,039,116
BT Globenet Nominees Ltd                                            432,311
Chase Nominees                                                    1,842,047
Chase Nominees Account 14186                                        206,900
Clydesdale Bank Custodian Nominees                                  519,934
Deutsche Bank International Limited                                 281,447
MSS Nominees                                                      3,447,800
Nortrust Nominees                                                 6,075,460
Perry Nominees                                                      216,560
RBSTB Nominees                                                    2,017,639
State Street Nominees                                             3,350,546
Vidacos Nominees                                                    312,900

TOTAL                                                            36,255,517

NOTE: The shares comprised under this notification may, from time to time, be
the subject of a stock lending agreement in a change in registration but not 
in DBAG's interest in the shares.