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:

15 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:

730,119

0.21%

587,213

0.17%

(2)

Cash-settled derivatives:

and/or controlled:

243,475

0.07%

27,615

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

973,594

0.28%

614,828

0.18%

(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

92,381

37.0844 USD

common stock

Purchase

68,314

36.8715 USD

common stock

Purchase

56,934

36.8208 USD

common stock

Purchase

35,172

36.8564 USD

common stock

Purchase

34,805

36.9526 USD

common stock

Purchase

32,508

36.9705 USD

common stock

Purchase

27,941

36.7700 USD

common stock

Purchase

17,402

36.8459 USD

common stock

Purchase

8,600

36.8987 USD

common stock

Purchase

8,151

36.9115 USD

common stock

Purchase

5,675

36.7698 USD

common stock

Purchase

5,259

36.7497 USD

common stock

Purchase

3,702

36.9484 USD

common stock

Purchase

2,841

36.9017 USD

common stock

Purchase

2,552

36.9234 USD

common stock

Purchase

2,465

36.8548 USD

common stock

Purchase

2,416

36.9456 USD

common stock

Purchase

2,400

36.9954 USD

common stock

Purchase

1,898

36.7742 USD

common stock

Purchase

1,617

36.7294 USD

common stock

Purchase

1,315

36.7500 USD

common stock

Purchase

1,303

36.7518 USD

common stock

Purchase

1,055

36.9416 USD

common stock

Purchase

1,004

36.7460 USD

common stock

Purchase

995

36.8198 USD

common stock

Purchase

871

36.8027 USD

common stock

Purchase

645

36.9850 USD

common stock

Purchase

635

36.7049 USD

common stock

Purchase

600

37.0250 USD

common stock

Purchase

506

36.6962 USD

common stock

Purchase

377

36.9448 USD

common stock

Purchase

300

36.7666 USD

common stock

Purchase

300

36.7450 USD

common stock

Purchase

274

36.7024 USD

common stock

Purchase

266

36.7746 USD

common stock

Purchase

247

36.7557 USD

common stock

Purchase

226

36.7673 USD

common stock

Purchase

226

36.8199 USD

common stock

Purchase

216

36.7931 USD

common stock

Purchase

209

36.7554 USD

common stock

Purchase

200

36.7200 USD

common stock

Purchase

141

36.7671 USD

common stock

Purchase

109

36.7932 USD

common stock

Purchase

100

36.5600 USD

common stock

Purchase

100

36.7750 USD

common stock

Purchase

59

36.6450 USD

common stock

Purchase

45

37.0100 USD

common stock

Purchase

25

36.7000 USD

common stock

Sale

74,333

36.9356 USD

common stock

Sale

48,963

36.8539 USD

common stock

Sale

34,416

36.8492 USD

common stock

Sale

31,787

37.2082 USD

common stock

Sale

28,586

36.9614 USD

common stock

Sale

27,611

36.7766 USD

common stock

Sale

27,348

36.7700 USD

common stock

Sale

21,082

37.0280 USD

common stock

Sale

20,648

37.0163 USD

common stock

Sale

16,437

36.7685 USD

common stock

Sale

12,682

36.9970 USD

common stock

Sale

11,812

36.9092 USD

common stock

Sale

10,464

37.0125 USD

common stock

Sale

7,310

36.7708 USD

common stock

Sale

6,816

36.8981 USD

common stock

Sale

5,338

36.8390 USD

common stock

Sale

4,952

36.7338 USD

common stock

Sale

4,905

37.0198 USD

common stock

Sale

3,702

36.9484 USD

common stock

Sale

3,267

36.8493 USD

common stock

Sale

1,898

36.7742 USD

common stock

Sale

1,856

36.7174 USD

common stock

Sale

1,802

36.9600 USD

common stock

Sale

1,700

37.0000 USD

common stock

Sale

1,410

36.7581 USD

common stock

Sale

1,400

37.0107 USD

common stock

Sale

1,290

36.9850 USD

common stock

Sale

1,004

36.7460 USD

common stock

Sale

995

36.8198 USD

common stock

Sale

811

36.7162 USD

common stock

Sale

750

36.8353 USD

common stock

Sale

641

36.9368 USD

common stock

Sale

635

36.7049 USD

common stock

Sale

631

37.1218 USD

common stock

Sale

611

36.6475 USD

common stock

Sale

602

36.6400 USD

common stock

Sale

506

36.6962 USD

common stock

Sale

500

36.6460 USD

common stock

Sale

475

37.2463 USD

common stock

Sale

465

36.6500 USD

common stock

Sale

409

36.7122 USD

common stock

Sale

359

36.6600 USD

common stock

Sale

312

36.7464 USD

common stock

Sale

300

36.7666 USD

common stock

Sale

300

37.0250 USD

common stock

Sale

237

36.6750 USD

common stock

Sale

228

36.6959 USD

common stock

Sale

200

36.7125 USD

common stock

Sale

136

36.7400 USD

common stock

Sale

135

36.8600 USD

common stock

Sale

104

36.6501 USD

common stock

Sale

100

36.5600 USD

common stock

Sale

95

37.0200 USD

common stock

Sale

91

36.6300 USD

common stock

Sale

86

36.7823 USD

common stock

Sale

78

36.6415 USD

common stock

Sale

78

36.9574 USD

common stock

Sale

48

36.8571 USD

common stock

Sale

25

36.7000 USD

common stock

Sale

20

36.8300 USD

common stock

Sale

8

37.7850 USD

common stock

Sale

5

37.5050 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

3,200

USD

1.0000 USD

common stock

Call Options

Selling

6,600

USD

0.9318 USD

common stock

Call Options

Selling

2,100

USD

0.6595 USD

common stock

Call Options

Selling

1,400

USD

0.6500 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:

16 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213