Form 8.3 - 	 INTERNATIONAL PAPER COMPANY

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER COMPANY

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

25 Sep 2024

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

DS SMITH PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

common stock

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

887,016

0.26%

450,741

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

358,722

0.10%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,245,738

0.36%

450,741

0.13%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

common stock

Purchase

54,139

48.1250 USD

common stock

Purchase

29,095

48.0900 USD

common stock

Purchase

18,793

48.1420 USD

common stock

Purchase

16,017

48.1807 USD

common stock

Purchase

15,093

48.1922 USD

common stock

Purchase

13,297

48.0899 USD

common stock

Purchase

12,719

48.1791 USD

common stock

Purchase

10,277

48.2103 USD

common stock

Purchase

8,791

48.1164 USD

common stock

Purchase

5,638

48.1818 USD

common stock

Purchase

5,497

48.2106 USD

common stock

Purchase

5,210

48.1467 USD

common stock

Purchase

4,796

48.2763 USD

common stock

Purchase

3,375

48.1616 USD

common stock

Purchase

3,322

48.1836 USD

common stock

Purchase

1,928

48.6400 USD

common stock

Purchase

1,694

48.2411 USD

common stock

Purchase

1,694

48.2027 USD

common stock

Purchase

1,092

48.0890 USD

common stock

Purchase

1,067

48.2228 USD

common stock

Purchase

907

48.2072 USD

common stock

Purchase

815

48.2219 USD

common stock

Purchase

703

48.0897 USD

common stock

Purchase

621

48.1697 USD

common stock

Purchase

505

48.2200 USD

common stock

Purchase

414

48.2287 USD

common stock

Purchase

298

48.2438 USD

common stock

Purchase

235

48.1568 USD

common stock

Purchase

200

48.1050 USD

common stock

Purchase

187

48.2332 USD

common stock

Purchase

125

43.1300 EUR

common stock

Purchase

110

48.0954 USD

common stock

Purchase

100

48.2000 USD

common stock

Purchase

100

48.1600 USD

common stock

Purchase

100

48.2100 USD

common stock

Purchase

90

48.1205 USD

common stock

Purchase

83

48.1879 USD

common stock

Purchase

19

48.0200 USD

common stock

Sale

96,748

48.1470 USD

common stock

Sale

14,077

48.0900 USD

common stock

Sale

13,297

48.0899 USD

common stock

Sale

9,709

48.1735 USD

common stock

Sale

8,122

48.2356 USD

common stock

Sale

6,969

48.1123 USD

common stock

Sale

6,614

48.1674 USD

common stock

Sale

6,090

48.1271 USD

common stock

Sale

5,104

48.2058 USD

common stock

Sale

5,098

48.2095 USD

common stock

Sale

5,060

48.1952 USD

common stock

Sale

3,491

48.1605 USD

common stock

Sale

3,046

48.2013 USD

common stock

Sale

2,500

48.2130 USD

common stock

Sale

2,400

48.2033 USD

common stock

Sale

1,960

48.1053 USD

common stock

Sale

1,928

48.6400 USD

common stock

Sale

1,749

48.1168 USD

common stock

Sale

920

48.2368 USD

common stock

Sale

912

48.1586 USD

common stock

Sale

909

48.1475 USD

common stock

Sale

847

48.2411 USD

common stock

Sale

800

48.1875 USD

common stock

Sale

703

48.0897 USD

common stock

Sale

694

48.2366 USD

common stock

Sale

630

48.2341 USD

common stock

Sale

517

48.2400 USD

common stock

Sale

469

48.1928 USD

common stock

Sale

459

48.2605 USD

common stock

Sale

300

48.2233 USD

common stock

Sale

200

48.1100 USD

common stock

Sale

200

48.1050 USD

common stock

Sale

166

48.2100 USD

common stock

Sale

149

48.3041 USD

common stock

Sale

125

43.1300 EUR

common stock

Sale

110

48.0954 USD

common stock

Sale

100

48.2900 USD

common stock

Sale

75

48.2200 USD

common stock

Sale

53

48.0602 USD

common stock

Sale

37

48.2067 USD

common stock

Sale

29

48.2210 USD

common stock

Sale

7

48.0600 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

common stock

SWAP

Decreasing Long

565

48.0924 USD

common stock

SWAP

Decreasing Long

5,684

48.0925 USD

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

26 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213