M&G PLC, through M&G Investment Management Limited, has disclosed a 2.07% interest in DS Smith Plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that M&G owns and/or controls 28,647,963 relevant securities of DS Smith Plc. The disclosure was made on 1st July 2024. Additionally, M&G has stated that it does not have discretion regarding voting rights in respect of 83,508 shares that are included in the total above.

Furthermore, M&G PLC has made purchases of 79,291 securities of DS Smith Plc at a price of £4.1920 per unit. The disclosure also includes information on cash-settled derivative transactions, stock-settled derivative transactions, and other dealings. Notably, M&G PLC has stated that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.

The disclosure does not include any supplemental form and was made to a Regulatory Information Service. For any further consultation in relation to the Code's disclosure requirements, the Panel's Market Surveillance Unit is available for contact.