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:

05 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:

724,410

0.21%

510,480

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

158,331

0.05%

11,835

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

882,741

0.25%

522,315

0.15%

(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

93,006

38.7008 USD

common stock

Purchase

73,302

38.6764 USD

common stock

Purchase

27,595

38.8150 USD

common stock

Purchase

21,092

38.7420 USD

common stock

Purchase

15,460

38.6813 USD

common stock

Purchase

13,295

38.6679 USD

common stock

Purchase

13,218

38.6954 USD

common stock

Purchase

11,750

38.7311 USD

common stock

Purchase

9,709

38.7207 USD

common stock

Purchase

6,523

38.7057 USD

common stock

Purchase

5,824

38.7177 USD

common stock

Purchase

4,370

38.7044 USD

common stock

Purchase

3,225

38.6997 USD

common stock

Purchase

1,764

38.7569 USD

common stock

Purchase

1,577

38.6600 USD

common stock

Purchase

1,329

38.6811 USD

common stock

Purchase

1,300

38.7307 USD

common stock

Purchase

1,285

39.0504 USD

common stock

Purchase

1,243

38.6858 USD

common stock

Purchase

1,193

38.6478 USD

common stock

Purchase

1,174

38.6743 USD

common stock

Purchase

1,111

38.6762 USD

common stock

Purchase

1,100

38.7300 USD

common stock

Purchase

912

38.6245 USD

common stock

Purchase

809

38.7315 USD

common stock

Purchase

800

38.7887 USD

common stock

Purchase

719

38.6505 USD

common stock

Purchase

700

38.6957 USD

common stock

Purchase

640

38.8042 USD

common stock

Purchase

590

38.6887 USD

common stock

Purchase

500

38.6830 USD

common stock

Purchase

500

38.6920 USD

common stock

Purchase

427

38.6790 USD

common stock

Purchase

400

38.6950 USD

common stock

Purchase

345

38.8574 USD

common stock

Purchase

307

38.8329 USD

common stock

Purchase

300

38.6466 USD

common stock

Purchase

238

38.9100 USD

common stock

Purchase

204

38.7818 USD

common stock

Purchase

200

38.7750 USD

common stock

Purchase

145

38.7850 USD

common stock

Purchase

109

38.6949 USD

common stock

Purchase

101

38.6400 USD

common stock

Purchase

100

38.7000 USD

common stock

Purchase

100

38.7050 USD

common stock

Purchase

100

38.6500 USD

common stock

Purchase

70

39.1200 USD

common stock

Purchase

57

38.9098 USD

common stock

Purchase

45

38.6744 USD

common stock

Purchase

9

38.8322 USD

common stock

Purchase

7

38.6900 USD

common stock

Sale

87,974

38.6816 USD

common stock

Sale

35,807

38.6874 USD

common stock

Sale

26,580

38.7231 USD

common stock

Sale

22,827

38.7102 USD

common stock

Sale

20,379

38.6893 USD

common stock

Sale

15,563

38.7510 USD

common stock

Sale

11,588

38.6630 USD

common stock

Sale

10,792

38.6970 USD

common stock

Sale

8,966

38.7612 USD

common stock

Sale

7,709

38.7596 USD

common stock

Sale

7,258

38.8254 USD

common stock

Sale

6,523

38.7057 USD

common stock

Sale

6,315

38.6965 USD

common stock

Sale

6,183

38.8042 USD

common stock

Sale

5,824

38.7177 USD

common stock

Sale

5,330

38.7892 USD

common stock

Sale

4,653

38.6417 USD

common stock

Sale

3,526

38.7067 USD

common stock

Sale

2,776

38.7051 USD

common stock

Sale

2,662

38.7334 USD

common stock

Sale

2,200

38.7706 USD

common stock

Sale

1,626

38.7210 USD

common stock

Sale

1,600

38.7118 USD

common stock

Sale

1,243

38.6858 USD

common stock

Sale

1,174

38.6743 USD

common stock

Sale

1,142

38.8179 USD

common stock

Sale

840

38.6798 USD

common stock

Sale

836

38.7097 USD

common stock

Sale

800

38.7300 USD

common stock

Sale

799

39.0575 USD

common stock

Sale

737

38.6600 USD

common stock

Sale

694

38.6651 USD

common stock

Sale

642

38.6877 USD

common stock

Sale

590

38.6887 USD

common stock

Sale

534

38.7704 USD

common stock

Sale

510

38.6796 USD

common stock

Sale

505

38.7235 USD

common stock

Sale

500

38.6800 USD

common stock

Sale

500

38.8040 USD

common stock

Sale

432

38.6708 USD

common stock

Sale

406

38.8466 USD

common stock

Sale

400

38.8400 USD

common stock

Sale

327

38.6541 USD

common stock

Sale

305

38.7470 USD

common stock

Sale

300

38.7566 USD

common stock

Sale

271

38.6958 USD

common stock

Sale

263

38.6300 USD

common stock

Sale

205

38.5643 USD

common stock

Sale

200

38.9100 USD

common stock

Sale

200

39.0250 USD

common stock

Sale

145

38.7850 USD

common stock

Sale

117

39.0682 USD

common stock

Sale

102

38.6311 USD

common stock

Sale

100

38.9500 USD

common stock

Sale

100

38.7602 USD

common stock

Sale

100

38.9700 USD

common stock

Sale

100

38.7002 USD

common stock

Sale

100

38.7700 USD

common stock

Sale

100

39.0400 USD

common stock

Sale

70

39.1200 USD

common stock

Sale

53

38.6500 USD

common stock

Sale

51

39.0200 USD

common stock

Sale

47

38.6605 USD

common stock

Sale

45

38.6744 USD

common stock

Sale

38

38.6400 USD

common stock

Sale

14

39.0342 USD

common stock

Sale

12

38.7666 USD

common stock

Sale

4

39.0800 USD

common stock

Sale

3

39.0500 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:

08 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213