Holding(s) in Company

Smith (DS) PLC
11 November 2004


DS Smith Plc (the 'Company')

The Company received notification on 11 November 2004 that, as a result of share
sales on 10 November 2004, Deutsche Bank AG (and its subsidiary companies) no
longer have a notifiable interest in the ordinary shares of the Company.

Peter Aubusson
Group Communications Manager
11 November 2004

Tel: [phone]



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