Disclosure by The Vanguard Group, Inc. Regarding Holdings in Smith (DS) plc

The Vanguard Group, Inc. has officially disclosed its financial interest in Smith (DS) plc, as per the regulatory requirements outlined in Rule 8.3 of the Takeover Code. The statement released on March 13, 2024, reveals that Vanguard holds a substantial position in the London-based company. With ownership of 62,112,631 shares, this corresponds to a 4.51% interest in Smith (DS) plc, showcasing a significant stake by the investment firm.

The disclosure also noted a purchase of 12,720 shares at a price of 3.39 GBP per unit, indicating ongoing transactions in the company’s securities. In addition to Smith (DS) plc, Vanguard has also made disclosures relating to another entity, Mondi plc, suggesting the firm's active engagement in the market. This strategic positioning in Smith (DS) plc demonstrates Vanguard's potential influence in the company's direction and underlines the investment management firm's role in the financial markets.

Furthermore, the announcement emphasized that no indemnity or dealing arrangements influencing the disclosure were in place. This transparency is crucial under the regulatory framework governing financial disclosures and market conduct. The disclosure concludes with contact details, providing a point of communication for further inquiries.