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:

16 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:

721,527

0.21%

559,352

0.16%

(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:

965,002

0.28%

586,967

0.17%

(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

308,251

36.1340 USD

common stock

Purchase

203,402

35.9433 USD

common stock

Purchase

104,641

36.0045 USD

common stock

Purchase

101,773

36.0966 USD

common stock

Purchase

94,164

36.0610 USD

common stock

Purchase

86,985

36.0567 USD

common stock

Purchase

74,129

36.0371 USD

common stock

Purchase

61,644

36.1644 USD

common stock

Purchase

56,873

35.9100 USD

common stock

Purchase

30,981

35.9120 USD

common stock

Purchase

18,652

36.0699 USD

common stock

Purchase

16,477

35.9991 USD

common stock

Purchase

15,206

36.1898 USD

common stock

Purchase

15,000

36.3464 USD

common stock

Purchase

13,991

36.1422 USD

common stock

Purchase

10,555

36.1497 USD

common stock

Purchase

9,914

35.9622 USD

common stock

Purchase

9,230

35.9796 USD

common stock

Purchase

7,094

36.1934 USD

common stock

Purchase

7,053

35.9289 USD

common stock

Purchase

5,667

36.0104 USD

common stock

Purchase

5,451

36.7091 USD

common stock

Purchase

4,585

35.9528 USD

common stock

Purchase

3,981

35.9540 USD

common stock

Purchase

3,841

36.2028 USD

common stock

Purchase

3,314

36.1474 USD

common stock

Purchase

2,916

36.0112 USD

common stock

Purchase

2,770

35.9882 USD

common stock

Purchase

2,598

35.9773 USD

common stock

Purchase

2,527

36.0662 USD

common stock

Purchase

1,983

35.9609 USD

common stock

Purchase

1,178

35.9795 USD

common stock

Purchase

1,121

36.0194 USD

common stock

Purchase

973

35.9674 USD

common stock

Purchase

922

35.9655 USD

common stock

Purchase

568

36.2246 USD

common stock

Purchase

445

35.8875 USD

common stock

Purchase

417

35.8957 USD

common stock

Purchase

276

36.0954 USD

common stock

Purchase

244

36.1950 USD

common stock

Purchase

202

35.8999 USD

common stock

Purchase

200

35.8750 USD

common stock

Purchase

168

35.9159 USD

common stock

Purchase

166

36.3608 USD

common stock

Purchase

147

35.8872 USD

common stock

Purchase

113

35.2100 EUR

common stock

Purchase

100

35.9200 USD

common stock

Purchase

100

35.9000 USD

common stock

Purchase

58

36.9800 USD

common stock

Purchase

50

34.8200 EUR

common stock

Purchase

24

36.0691 USD

common stock

Sale

359,305

35.9904 USD

common stock

Sale

237,139

36.1099 USD

common stock

Sale

160,607

36.0941 USD

common stock

Sale

65,499

36.2518 USD

common stock

Sale

60,244

36.0195 USD

common stock

Sale

36,463

36.0470 USD

common stock

Sale

30,981

35.9120 USD

common stock

Sale

24,348

36.0019 USD

common stock

Sale

24,178

35.9946 USD

common stock

Sale

23,319

36.2028 USD

common stock

Sale

21,827

35.9100 USD

common stock

Sale

20,682

36.0033 USD

common stock

Sale

19,226

36.2013 USD

common stock

Sale

15,347

35.9110 USD

common stock

Sale

15,000

36.3464 USD

common stock

Sale

14,943

36.0389 USD

common stock

Sale

14,635

36.1973 USD

common stock

Sale

11,862

36.1247 USD

common stock

Sale

11,538

35.9976 USD

common stock

Sale

9,927

35.9116 USD

common stock

Sale

9,724

36.0406 USD

common stock

Sale

8,950

36.0731 USD

common stock

Sale

8,642

36.0254 USD

common stock

Sale

6,767

35.9940 USD

common stock

Sale

5,535

36.0416 USD

common stock

Sale

4,523

36.3503 USD

common stock

Sale

3,436

35.9949 USD

common stock

Sale

3,276

35.9223 USD

common stock

Sale

2,931

35.9329 USD

common stock

Sale

2,864

35.9832 USD

common stock

Sale

2,770

35.9882 USD

common stock

Sale

2,527

36.0662 USD

common stock

Sale

2,450

36.3380 USD

common stock

Sale

2,400

36.6954 USD

common stock

Sale

1,827

35.9566 USD

common stock

Sale

1,545

35.9896 USD

common stock

Sale

1,419

35.9778 USD

common stock

Sale

1,391

36.0027 USD

common stock

Sale

1,050

36.0127 USD

common stock

Sale

1,000

36.7420 USD

common stock

Sale

980

35.9861 USD

common stock

Sale

979

36.4608 USD

common stock

Sale

945

35.9761 USD

common stock

Sale

939

36.0835 USD

common stock

Sale

922

35.9655 USD

common stock

Sale

800

35.9906 USD

common stock

Sale

700

35.9121 USD

common stock

Sale

618

36.7517 USD

common stock

Sale

568

36.2246 USD

common stock

Sale

518

35.9608 USD

common stock

Sale

441

35.9054 USD

common stock

Sale

400

36.3150 USD

common stock

Sale

400

36.3125 USD

common stock

Sale

400

36.7362 USD

common stock

Sale

400

36.3037 USD

common stock

Sale

352

36.6468 USD

common stock

Sale

340

35.8768 USD

common stock

Sale

277

36.6842 USD

common stock

Sale

244

36.1950 USD

common stock

Sale

201

35.8960 USD

common stock

Sale

200

36.0000 USD

common stock

Sale

200

36.6400 USD

common stock

Sale

200

36.7300 USD

common stock

Sale

168

35.9159 USD

common stock

Sale

113

35.2100 EUR

common stock

Sale

100

35.8200 USD

common stock

Sale

100

36.3200 USD

common stock

Sale

100

36.3100 USD

common stock

Sale

50

34.8200 EUR

common stock

Sale

15

35.8966 USD

common stock

Sale

12

37.0933 USD

common stock

Sale

4

36.9900 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

4,700

USD

0.4946 USD

common stock

Put Options

Selling

3,300

36.0000 USD

American

26 Apr 2024

0.8045 USD

common stock

Call Options

Selling

1,200

USD

1.0000 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:

17 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213