Form 8.3 - INTERNATIONAL PAPER CO

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 CO

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:

22 Apr 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:

712,864

0.21%

640,543

0.18%

(2)

Cash-settled derivatives:

and/or controlled:

301,257

0.09%

27,615

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,014,121

0.29%

668,158

0.19%

(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

356,339

34.7644 USD

common stock

Purchase

204,803

34.7598 USD

common stock

Purchase

86,179

34.7507 USD

common stock

Purchase

61,743

34.7958 USD

common stock

Purchase

59,613

34.7450 USD

common stock

Purchase

36,831

34.7600 USD

common stock

Purchase

30,683

34.7847 USD

common stock

Purchase

23,768

34.8700 USD

common stock

Purchase

19,148

34.7254 USD

common stock

Purchase

16,302

34.7379 USD

common stock

Purchase

15,971

34.8114 USD

common stock

Purchase

15,857

34.7660 USD

common stock

Purchase

15,461

34.7128 USD

common stock

Purchase

13,396

34.7976 USD

common stock

Purchase

10,755

34.7374 USD

common stock

Purchase

8,924

34.7659 USD

common stock

Purchase

4,977

34.7395 USD

common stock

Purchase

3,800

34.7098 USD

common stock

Purchase

3,311

34.7371 USD

common stock

Purchase

2,793

34.7443 USD

common stock

Purchase

2,418

34.8113 USD

common stock

Purchase

2,018

34.7004 USD

common stock

Purchase

1,757

34.6857 USD

common stock

Purchase

1,663

34.7739 USD

common stock

Purchase

1,351

34.7110 USD

common stock

Purchase

1,298

34.7672 USD

common stock

Purchase

1,169

34.7032 USD

common stock

Purchase

1,068

34.7346 USD

common stock

Purchase

1,000

34.9060 USD

common stock

Purchase

911

34.7800 USD

common stock

Purchase

729

34.7743 USD

common stock

Purchase

720

34.5850 USD

common stock

Purchase

680

34.6940 USD

common stock

Purchase

550

34.7740 USD

common stock

Purchase

491

34.7335 USD

common stock

Purchase

484

34.7352 USD

common stock

Purchase

300

34.7100 USD

common stock

Purchase

258

34.6300 USD

common stock

Purchase

138

34.7531 USD

common stock

Purchase

100

34.6700 USD

common stock

Purchase

100

34.7500 USD

common stock

Purchase

100

34.9200 USD

common stock

Purchase

100

34.7200 USD

common stock

Purchase

91

34.6600 USD

common stock

Purchase

18

34.8200 USD

common stock

Purchase

1

34.7700 USD

common stock

Sale

299,429

34.7539 USD

common stock

Sale

175,845

34.7630 USD

common stock

Sale

98,317

34.7530 USD

common stock

Sale

92,755

34.7659 USD

common stock

Sale

39,089

34.7537 USD

common stock

Sale

37,705

34.8117 USD

common stock

Sale

28,840

34.7381 USD

common stock

Sale

24,547

34.7600 USD

common stock

Sale

16,634

34.7611 USD

common stock

Sale

15,894

34.7911 USD

common stock

Sale

15,461

34.7128 USD

common stock

Sale

13,861

34.7912 USD

common stock

Sale

10,562

34.9137 USD

common stock

Sale

10,155

34.7327 USD

common stock

Sale

9,028

34.7781 USD

common stock

Sale

7,459

34.7692 USD

common stock

Sale

7,335

34.7918 USD

common stock

Sale

6,796

34.8042 USD

common stock

Sale

6,403

35.0642 USD

common stock

Sale

6,165

34.7581 USD

common stock

Sale

5,368

34.8202 USD

common stock

Sale

5,136

34.7710 USD

common stock

Sale

5,000

34.8327 USD

common stock

Sale

4,666

34.7175 USD

common stock

Sale

4,626

34.7355 USD

common stock

Sale

4,443

34.8080 USD

common stock

Sale

4,074

34.7612 USD

common stock

Sale

4,063

34.7760 USD

common stock

Sale

3,916

34.6895 USD

common stock

Sale

3,854

34.7180 USD

common stock

Sale

3,800

34.7098 USD

common stock

Sale

3,411

34.7926 USD

common stock

Sale

3,188

34.7162 USD

common stock

Sale

2,857

34.8038 USD

common stock

Sale

2,743

34.7762 USD

common stock

Sale

2,600

34.7311 USD

common stock

Sale

2,452

34.7608 USD

common stock

Sale

1,773

34.7674 USD

common stock

Sale

1,500

34.7380 USD

common stock

Sale

1,399

34.7543 USD

common stock

Sale

1,351

34.7110 USD

common stock

Sale

1,169

34.7032 USD

common stock

Sale

1,142

34.7234 USD

common stock

Sale

1,001

34.7459 USD

common stock

Sale

959

34.7210 USD

common stock

Sale

918

34.7000 USD

common stock

Sale

829

34.7638 USD

common stock

Sale

822

34.7441 USD

common stock

Sale

811

34.7800 USD

common stock

Sale

729

34.7743 USD

common stock

Sale

711

34.7592 USD

common stock

Sale

701

34.6600 USD

common stock

Sale

600

34.7650 USD

common stock

Sale

600

34.7733 USD

common stock

Sale

600

34.7516 USD

common stock

Sale

550

34.7740 USD

common stock

Sale

549

34.7499 USD

common stock

Sale

491

34.7335 USD

common stock

Sale

484

34.7352 USD

common stock

Sale

474

34.7358 USD

common stock

Sale

412

34.7571 USD

common stock

Sale

402

34.7134 USD

common stock

Sale

360

34.5850 USD

common stock

Sale

300

34.6783 USD

common stock

Sale

258

34.6300 USD

common stock

Sale

256

34.7806 USD

common stock

Sale

207

34.7274 USD

common stock

Sale

206

34.6704 USD

common stock

Sale

203

34.6598 USD

common stock

Sale

200

34.6950 USD

common stock

Sale

200

34.9850 USD

common stock

Sale

154

34.6711 USD

common stock

Sale

100

35.0200 USD

common stock

Sale

100

34.9300 USD

common stock

Sale

100

34.9200 USD

common stock

Sale

100

34.7300 USD

common stock

Sale

56

34.8812 USD

common stock

Sale

13

34.7376 USD

common stock

Sale

4

34.9550 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

(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

common stock

Call Options

Selling

3,700

USD

0.4891 USD

common stock

Put Options

Selling

800

35.0000 USD

American

26 Apr 2024

0.8500 USD

common stock

Call Options

Selling

8,800

USD

0.7073 USD

(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:

23 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213