Trading Update In view of changing market conditions and in anticipation of forthcoming planned meetings with institutional investors, the Company has issued the following trading update.Since the Group announced its interim results on 6 December 2000, sales volumes in the Group's UK paper and packaging businesses have weakened. As a consequence, we are taking more plant downtime than expected. High energy prices are also having an impact on margins. Trading elsewhere in the Group is as expected and remains encouraging. The Group now expects that its performance in the second half of the current financial year will be similar to the same period last year, which would still give a significant improvement for the full year over the previous year. Enquiries:
Peter Williams, Group Chief Executive, David S. Smith (Holdings) PLC Press Enquiries:
Richard Mountain, Financial Dynamics
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