25 July 2008
Share Price
106.50 GB pence

Disclaimer - Issued by the Directors and Management of DS Smith plc ("The Company").

The brokers listed below publish material commenting on DS Smith. The Company neither represents that this list is comprehensive nor does it necessarily endorse or accept any responsibility whatsoever for the views of these or any others analysts reporting on The Company. Forecasts prepared by these brokers are shown below. Please note that any opinions, estimates or forecasts regarding The Company's performance made by brokers (and therefore the Consensus figures) are theirs alone and do not represent any opinions, forecasts or predictions of The Company or its Directors. By distributing the information below, The Company does not imply its endorsement of or concurrence with such information.

Broker Coverage
Broker Analyst Contact details
Goldman Sachs International Eshan Toorabally +44 (0)20 7774 1000
JPMorgan Cazenove Kartik Swaminathan +44 (0)20 7588 2828
UBS Myles Allsop +44 (0)20 7567 8000

Forecasts 2008/09 2009/10
Broker Date Rating PBT*
£m
EPS*
pence
PBT*
£m
EPS*
pence
Goldman Sachs International
11 Jul 2008
Sell
73.0 13.1 22.7 4.1
JPMorgan Cazenove
26 Jun 2008
In-line
92.6 16.4 91.4 16.2
UBS
26 Jun 2008
Buy
93.9 16.5 93.4 16.4
Consensus 86.5 15.3 69.2 12.2

* before exceptional items

Notes:
PBT: profit before tax
EPS: earnings per share


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