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:

18 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:

694,742

0.20%

592,091

0.17%

(2)

Cash-settled derivatives:

and/or controlled:

266,304

0.08%

31,560

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

961,046

0.28%

623,651

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

110,233

35.3080 USD

common stock

Purchase

107,741

35.2882 USD

common stock

Purchase

86,202

35.2693 USD

common stock

Purchase

70,994

35.2940 USD

common stock

Purchase

57,497

35.2797 USD

common stock

Purchase

53,222

35.2945 USD

common stock

Purchase

50,000

35.4060 USD

common stock

Purchase

35,635

35.3012 USD

common stock

Purchase

29,879

35.2838 USD

common stock

Purchase

28,470

35.2899 USD

common stock

Purchase

27,725

35.2856 USD

common stock

Purchase

20,397

35.2600 USD

common stock

Purchase

15,839

35.2835 USD

common stock

Purchase

15,782

35.3185 USD

common stock

Purchase

10,574

35.2914 USD

common stock

Purchase

8,643

35.2880 USD

common stock

Purchase

7,613

35.2926 USD

common stock

Purchase

7,300

35.3513 USD

common stock

Purchase

6,028

35.2798 USD

common stock

Purchase

5,738

35.2833 USD

common stock

Purchase

5,663

35.3997 USD

common stock

Purchase

4,593

35.2421 USD

common stock

Purchase

3,847

35.3845 USD

common stock

Purchase

3,828

35.3220 USD

common stock

Purchase

3,551

35.3574 USD

common stock

Purchase

3,355

35.2643 USD

common stock

Purchase

2,746

35.3899 USD

common stock

Purchase

2,679

35.2667 USD

common stock

Purchase

2,502

35.2655 USD

common stock

Purchase

1,743

35.3608 USD

common stock

Purchase

1,703

35.2729 USD

common stock

Purchase

1,500

35.4270 USD

common stock

Purchase

1,388

35.2946 USD

common stock

Purchase

835

35.2602 USD

common stock

Purchase

718

35.3149 USD

common stock

Purchase

689

35.4576 USD

common stock

Purchase

539

35.3244 USD

common stock

Purchase

500

35.2420 USD

common stock

Purchase

500

35.2000 USD

common stock

Purchase

400

35.2550 USD

common stock

Purchase

249

35.4500 USD

common stock

Purchase

200

35.2650 USD

common stock

Purchase

200

35.3600 USD

common stock

Purchase

187

35.2906 USD

common stock

Purchase

173

35.2526 USD

common stock

Purchase

145

35.4325 USD

common stock

Purchase

101

35.3400 USD

common stock

Purchase

100

35.2150 USD

common stock

Purchase

100

35.3300 USD

common stock

Purchase

100

35.4200 USD

common stock

Purchase

37

35.3100 USD

common stock

Purchase

37

35.2800 USD

common stock

Purchase

36

35.3550 USD

common stock

Purchase

30

35.2700 USD

common stock

Purchase

30

35.2250 USD

common stock

Sale

254,066

35.2959 USD

common stock

Sale

131,494

35.2700 USD

common stock

Sale

58,067

35.3191 USD

common stock

Sale

50,235

35.2892 USD

common stock

Sale

50,000

35.4060 USD

common stock

Sale

35,292

35.2808 USD

common stock

Sale

32,573

35.2645 USD

common stock

Sale

27,137

35.2989 USD

common stock

Sale

19,851

35.2600 USD

common stock

Sale

16,568

35.2720 USD

common stock

Sale

14,840

35.3379 USD

common stock

Sale

14,345

35.2867 USD

common stock

Sale

12,849

35.2883 USD

common stock

Sale

11,395

35.2716 USD

common stock

Sale

11,301

35.2737 USD

common stock

Sale

10,574

35.2914 USD

common stock

Sale

9,810

35.2997 USD

common stock

Sale

6,513

35.4702 USD

common stock

Sale

6,500

35.3596 USD

common stock

Sale

6,254

35.2865 USD

common stock

Sale

5,679

35.2780 USD

common stock

Sale

5,248

35.2823 USD

common stock

Sale

5,168

35.2686 USD

common stock

Sale

3,853

35.3630 USD

common stock

Sale

3,834

35.2876 USD

common stock

Sale

3,766

35.3081 USD

common stock

Sale

3,414

35.3264 USD

common stock

Sale

3,355

35.2643 USD

common stock

Sale

3,175

35.2589 USD

common stock

Sale

2,800

35.3054 USD

common stock

Sale

2,546

35.3154 USD

common stock

Sale

2,502

35.2655 USD

common stock

Sale

2,406

35.3396 USD

common stock

Sale

2,281

35.3067 USD

common stock

Sale

1,836

35.2807 USD

common stock

Sale

1,645

35.3550 USD

common stock

Sale

1,532

35.3085 USD

common stock

Sale

1,336

35.2861 USD

common stock

Sale

1,254

35.4340 USD

common stock

Sale

1,247

35.2933 USD

common stock

Sale

1,235

35.2514 USD

common stock

Sale

1,190

35.2907 USD

common stock

Sale

1,147

35.3794 USD

common stock

Sale

1,057

35.4010 USD

common stock

Sale

1,041

35.3089 USD

common stock

Sale

912

35.3574 USD

common stock

Sale

794

35.3327 USD

common stock

Sale

718

35.3149 USD

common stock

Sale

632

35.3546 USD

common stock

Sale

596

35.3250 USD

common stock

Sale

546

35.2756 USD

common stock

Sale

413

35.4395 USD

common stock

Sale

400

35.2650 USD

common stock

Sale

300

35.2466 USD

common stock

Sale

249

35.4500 USD

common stock

Sale

200

35.2750 USD

common stock

Sale

200

35.3650 USD

common stock

Sale

200

37.5000 USD

common stock

Sale

200

35.4450 USD

common stock

Sale

145

35.4325 USD

common stock

Sale

113

35.2884 USD

common stock

Sale

102

35.1114 USD

common stock

Sale

100

35.1800 USD

common stock

Sale

100

35.2100 USD

common stock

Sale

60

35.2250 USD

common stock

Sale

54

35.2905 USD

common stock

Sale

10

35.3000 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

common stock

SWAP

Increasing Long

4,114

35.3164 USD

common stock

SWAP

Increasing Long

21,400

35.3064 USD

(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:

19 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213