Director/PDMR Shareholding



DS Smith Plc ("the Company")

Director'sShareholding

This notification is made pursuant to Disclosure and TransparencyRule 3.1.4.

We hereby notify you that on2March2009,Steve Dryden, a Director of DS Smith Plc,acquired30,226ordinary sharesof 10p eachinthe Companypursuant to his Replacement Deferred Share Bonus Plan. No consideration is payable on the vesting ofshares pursuant tothePlan.

At the same time,MrDrydensold12,429of the acquired shares at a price of70.0pper share in order to pay the income tax, NIC, and dealing expenses duefollowing the vesting.

MrDrydenholds a total of32,797shares of the Company, being0.008% of the issued share capital following this notification.

Carolyn Cattermole

2March 2009