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

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:

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):

    Norges Bank

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

N/A

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

2 February 2016

6. Date on which issuer notified:

    4 February 2016

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

Above 3%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

B: Qualifying Financial Instruments

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Total (A+B+C)

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

Proxy Voting:

10. Name of the proxy holder:  Norges Bank

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

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

13. Additional information:

N/A

14. Contact name:

Sai Aanandha Shankhar

15. Contact telephone number:
            +47 2407 3134

Identity of the notifier, if applicable (xvii)

Full name:

Michael Hampson

Contact address:

DS Smith Plc, 7^th Floor, 350 Euston Road, London NW1 3AX

Phone number:

020 7756 1800