NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION CONTAINED IN THE ORIGINAL PROSPECTUS DATED 17 JANUARY 2012 AND THE SUPPLEMENTARY PROSPECTUS PUBLISHED BY THE COMPANY IN CONNECTION WITH THE PROPOSED ACQUISITION AND RIGHTS ISSUE. COPIES OF THE ORIGINAL PROSPECTUS AND SUPPLEMENTARY PROSPECTUS WILL BE AVAILABLE FROM THE COMPANY'S REGISTERED OFFICE.

26 January 2012

For immediate release

DS SMITH PLC PUBLICATION OF SUPPLEMENTARY PROSPECTUS PROPOSED ACQUISITION OF SCA PACKAGING AND RIGHTS ISSUE

DS Smith Plc ("DS Smith" or "the Company") has today published a prospectus (the "Supplementary Prospectus") which is supplementary to the prospectus published by the Company on 17 January 2012 in relation to the proposed Acquisition of the packaging division of Svenska Cellulosa Aktiebolaget SCA (publ) ("SCA") excluding the kraftliner assets ("SCA Packaging") and the Rights Issue (the "Original Prospectus").

The publication of the Supplementary Prospectus is a regulatory requirement under the Financial Services and Markets Act 2000 following the announcement today by SCA of its year