Smith (DS) PLC

Remuneration Information • Apr 28, 2023

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RNS Number : 8871X

Smith (DS) PLC

28 April 2023

DS Smith Plc ("the Company")

28 April 2023

On 27 April 2023 the Company granted to Richard Pike, who will become the Company's Group Finance Director on 30 June 2023, the following conditional share awards over Ordinary Shares of 10p each ("Shares") to compensate Richard for share-based incentive awards that he forfeited on leaving his former employer. These awards were granted in the context of Richard's recruitment under Listing Rule 9.4.2, given that it was not practicable under the Company's existing share plans to grant these awards.

Number of Shares subject to award	Date award will normally vest
85,675	14 June 2024
194,191	27 June 2025

The awards normally vesting on 27 June 2025 are subject to performance conditions. A holding period applies to both awards from the respective vesting date in respect of any Shares which vest under these awards.

Details of the awards will also be disclosed to shareholders in the Directors' Remuneration Report of the Company's 2023 annual report, in line with the requirements of Listing Rule 9.4.2.

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