TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (i)

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: (ii)

DS Smith Plc

2. Reason for the notification (please mark as appropriate):

An acquisition or disposal of voting rights: ( X )

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify): ( )

3. Full name of person(s) subject to the notification obligation: (iii)

Legal & General Group Plc (Group)

Legal & General Investment Management Limited (LGIM)

4. Full name of shareholder(s) (if different from 3.):(iv)

Legal & General Group Plc (L&G)

5. Date of the transaction and date on which the threshold is crossed or reached:(v)

21 November 2012

6. Date on which issuer notified:

23 November 2012

7. Threshold(s) that is/are crossed or reached:(vi) (vii)

Group (Below 5%)

LGIM (Below 5%)

8. Notified details:

A: Voting rights attached to shares (viii)(ix)

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction



Number of Shares

Number of Voting Rights

GB0008220112

46,401,300 (As of 12/11/2012)

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights

% of voting rights (x)





Direct (xi)

Indirect (xii)

Direct

Indirect

Below 5%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date (xiii)

Exercise/Conversion Period (xiv)

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv)( xvi)

Resulting situation after the triggering transaction

Type of financial instrument

Exercise

price

Expiration

date (xvii)

Exercise/

Conversion

period (xviii)

Number of voting rights

instrument refers to

% of voting rights (xix) (xx)

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Below 5%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:(xxi)

Legal & General Group Plc (Direct and Indirect) (Group) ( Below 5%= Total Position)

Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) (Below 5%= Total Position)

Legal & General Investment Management Limited (Indirect) (LGIM) (Below 5%= Total Position)

Legal & General Group Plc (Direct) (L&G) (36,018,834 -3.89%= LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) (PMC)

Legal & General Insurance Holdings Limited (Direct) (LGIH)

Legal & General Assurance (Pensions Management) Limited (PMC) (PMC)

Legal & General Assurance Society Limited (LGAS & LGPL)


Legal & General Pensions Limited (Direct) (LGPL)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Notification using the total voting rights figure of 927,044,708

14. Contact name:

Angela Hayter (LGIM)

15. Contact telephone number:

020 3124 3851

Identity of the notifier, if applicable (xvii)

Full name:

Matthew Jowett

Contact address:

DS Smith Plc, Beech House, Whitebrook Park, Maidenhead SL6 8XY

Phone number:

01628 583400


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