Holding(s) in Company

Smith (DS) PLC
14 June 2006


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

DS Smith Plc

2. Name of shareholder having a major interest

Prudential Plc

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

As above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Registered name                                              Number of Shares
---------------                                              ----------------

JP MORGAN NOMINEES                                                    692,400
PRUCLT HSBC GIS NOM(UK) PAC AC                                     15,586,073
PRUCLT HSBC GIS NOM(UK) PHL AC                                         98,079
PRUCLT HSBC GIS NOM(UK) PPL AC                                        136,064
PRUCLT HSBC GIS NOM(UK)HYBF AC                                        196,159

5. Number of shares / amount of stock acquired

849,484

6. Percentage of issued class

0.22

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

Ordinary shares of 10p each

10. Date of transaction

12 June 2006

11. Date company informed

14 June 2006

12. Total holding following this notification

16,708,775

13. Total percentage holding of issued class following this notification

4.27

14. Any additional information


15. Name of contact and telephone number for queries

Angela Hunter
020 7932 5032

16. Name and signature of authorised company official responsible for making
this notification

Carolyn Cattermole, Company Secretary

Date of notification

14 June 2006

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