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:

02 May 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:

747,236

0.22%

752,683

0.22%

(2)

Cash-settled derivatives:

and/or controlled:

425,250

0.12%

64,080

0.02%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,172,486

0.34%

816,763

0.24%

(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

257,344

35.7106 USD

common stock

Purchase

116,151

35.7967 USD

common stock

Purchase

51,552

35.8186 USD

common stock

Purchase

49,040

35.6985 USD

common stock

Purchase

45,794

35.8570 USD

common stock

Purchase

37,862

35.7969 USD

common stock

Purchase

24,998

35.5138 USD

common stock

Purchase

17,300

35.2717 USD

common stock

Purchase

15,021

35.9157 USD

common stock

Purchase

13,258

35.8146 USD

common stock

Purchase

12,793

35.8100 USD

common stock

Purchase

6,030

35.9253 USD

common stock

Purchase

4,478

35.5848 USD

common stock

Purchase

2,443

35.3635 USD

common stock

Purchase

2,323

35.7223 USD

common stock

Purchase

2,249

35.5625 USD

common stock

Purchase

2,206

35.5674 USD

common stock

Purchase

1,600

35.3250 USD

common stock

Purchase

1,515

35.6773 USD

common stock

Purchase

1,455

35.9598 USD

common stock

Purchase

1,320

35.4695 USD

common stock

Purchase

1,165

35.8162 USD

common stock

Purchase

1,004

35.6379 USD

common stock

Purchase

869

35.6634 USD

common stock

Purchase

759

35.6476 USD

common stock

Purchase

643

35.3293 USD

common stock

Purchase

609

35.8806 USD

common stock

Purchase

457

35.9047 USD

common stock

Purchase

400

35.8900 USD

common stock

Purchase

400

35.5262 USD

common stock

Purchase

331

35.7425 USD

common stock

Purchase

300

35.8950 USD

common stock

Purchase

300

35.8000 USD

common stock

Purchase

300

35.8300 USD

common stock

Purchase

248

35.6921 USD

common stock

Purchase

172

35.5309 USD

common stock

Purchase

116

35.8200 USD

common stock

Purchase

90

35.2400 USD

common stock

Purchase

77

35.2718 USD

common stock

Purchase

75

35.3889 USD

common stock

Purchase

65

35.3597 USD

common stock

Purchase

65

35.2591 USD

common stock

Purchase

54

35.4622 USD

common stock

Purchase

50

35.5300 USD

common stock

Purchase

25

35.2600 USD

common stock

Purchase

20

35.3515 USD

common stock

Purchase

15

35.3500 USD

common stock

Purchase

13

32.6300 EUR

common stock

Purchase

1

35.3400 USD

common stock

Sale

146,747

35.7377 USD

common stock

Sale

128,021

35.7649 USD

common stock

Sale

95,480

35.8994 USD

common stock

Sale

70,609

35.6972 USD

common stock

Sale

43,860

35.6630 USD

common stock

Sale

30,206

35.7311 USD

common stock

Sale

25,331

35.6812 USD

common stock

Sale

24,299

35.5262 USD

common stock

Sale

17,300

35.2717 USD

common stock

Sale

13,230

35.7167 USD

common stock

Sale

12,831

35.8014 USD

common stock

Sale

12,100

35.2700 USD

common stock

Sale

10,152

35.8100 USD

common stock

Sale

6,425

35.8946 USD

common stock

Sale

6,175

35.8833 USD

common stock

Sale

6,165

35.8111 USD

common stock

Sale

5,428

35.5138 USD

common stock

Sale

4,944

35.8155 USD

common stock

Sale

3,710

35.7070 USD

common stock

Sale

3,494

35.5997 USD

common stock

Sale

3,435

35.7177 USD

common stock

Sale

2,658

35.2783 USD

common stock

Sale

1,521

35.4617 USD

common stock

Sale

1,515

35.6773 USD

common stock

Sale

1,455

35.9598 USD

common stock

Sale

1,452

35.3929 USD

common stock

Sale

1,361

35.4943 USD

common stock

Sale

1,338

35.8150 USD

common stock

Sale

1,196

35.8873 USD

common stock

Sale

1,174

35.8597 USD

common stock

Sale

1,077

35.8136 USD

common stock

Sale

991

35.3205 USD

common stock

Sale

801

35.3250 USD

common stock

Sale

772

35.8892 USD

common stock

Sale

759

35.6476 USD

common stock

Sale

700

35.2714 USD

common stock

Sale

643

35.3293 USD

common stock

Sale

586

35.9300 USD

common stock

Sale

532

35.7788 USD

common stock

Sale

502

35.2780 USD

common stock

Sale

473

35.9700 USD

common stock

Sale

400

35.2750 USD

common stock

Sale

400

35.8900 USD

common stock

Sale

400

35.2775 USD

common stock

Sale

290

35.2400 USD

common stock

Sale

273

35.6396 USD

common stock

Sale

250

35.8200 USD

common stock

Sale

240

35.2900 USD

common stock

Sale

225

35.5788 USD

common stock

Sale

214

35.4321 USD

common stock

Sale

205

35.9500 USD

common stock

Sale

202

35.7862 USD

common stock

Sale

200

35.2800 USD

common stock

Sale

200

35.3150 USD

common stock

Sale

174

35.7226 USD

common stock

Sale

111

35.3213 USD

common stock

Sale

110

35.9372 USD

common stock

Sale

102

35.7900 USD

common stock

Sale

74

35.8054 USD

common stock

Sale

65

35.3600 USD

common stock

Sale

50

35.5300 USD

common stock

Sale

36

35.8927 USD

common stock

Sale

25

35.2600 USD

common stock

Sale

25

35.5980 USD

common stock

Sale

23

35.3100 USD

common stock

Sale

22

35.7468 USD

common stock

Sale

22

35.3200 USD

common stock

Sale

21

35.8000 USD

common stock

Sale

13

32.6300 EUR

common stock

Sale

10

35.3550 USD

common stock

Sale

10

35.8275 USD

common stock

Sale

8

35.2100 USD

common stock

Sale

5

35.9900 USD

common stock

Sale

5

35.8250 USD

common stock

Sale

5

35.7950 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

(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:

03 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213