12 March 2010
Share Price
135.00 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
Evolution Securities Harry Philips +44 (0)20 7071 4300
Goldman Sachs International Eshan Toorabally +44 (0)20 7774 1000
JPMorgan Cazenove Rob Owens +44 (0)20 7588 2828
UBS Myles Allsop +44 (0)20 7567 8000

Forecasts 2009/10 2010/11
Broker Date Rating PBT*
£m
EPS*
pence
PBT*
£m
EPS*
pence
Evolution Securities
14 Feb 2010
Buy
57.6 10.2 67.8 11.9
Goldman Sachs International
25 Feb 2010
Neutral
67.2 11.6 92.6 16.0
JPMorgan Cazenove
08 Jan 2010
Overweight
60.0 10.5 66.6 11.6
UBS
04 Mar 2010
Buy
59.7 10.5 77.7 13.5
Consensus 61.1 10.7 76.2 13.3

* before exceptional items

Notes:
* before exceptional items
PBT: profit before tax
EPS: earnings per share


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