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:

19 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:

704,065

0.20%

631,347

0.18%

(2)

Cash-settled derivatives:

and/or controlled:

305,202

0.09%

31,560

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,009,267

0.29%

662,907

0.19%

(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

251,831

35.3326 USD

common stock

Purchase

146,989

35.2695 USD

common stock

Purchase

111,167

35.3343 USD

common stock

Purchase

90,120

35.3351 USD

common stock

Purchase

88,709

35.2417 USD

common stock

Purchase

40,680

35.3528 USD

common stock

Purchase

39,704

35.2993 USD

common stock

Purchase

33,911

35.3700 USD

common stock

Purchase

31,500

34.7933 USD

common stock

Purchase

26,492

35.2995 USD

common stock

Purchase

25,748

35.3941 USD

common stock

Purchase

23,179

35.3199 USD

common stock

Purchase

21,359

35.1760 USD

common stock

Purchase

20,471

35.3341 USD

common stock

Purchase

20,012

34.7652 USD

common stock

Purchase

11,788

35.3357 USD

common stock

Purchase

10,564

35.2979 USD

common stock

Purchase

9,839

35.2988 USD

common stock

Purchase

9,663

35.2554 USD

common stock

Purchase

8,324

35.0000 USD

common stock

Purchase

8,291

35.2776 USD

common stock

Purchase

8,284

35.2940 USD

common stock

Purchase

7,710

35.2521 USD

common stock

Purchase

5,377

35.3877 USD

common stock

Purchase

5,095

35.2880 USD

common stock

Purchase

4,743

35.3966 USD

common stock

Purchase

4,289

35.3448 USD

common stock

Purchase

3,531

35.3738 USD

common stock

Purchase

3,370

35.3222 USD

common stock

Purchase

3,090

35.4207 USD

common stock

Purchase

3,052

35.4617 USD

common stock

Purchase

2,972

35.2822 USD

common stock

Purchase

2,590

35.3323 USD

common stock

Purchase

2,285

35.4258 USD

common stock

Purchase

2,153

34.6900 USD

common stock

Purchase

2,100

35.2902 USD

common stock

Purchase

1,983

35.2546 USD

common stock

Purchase

1,955

35.3102 USD

common stock

Purchase

1,330

35.3450 USD

common stock

Purchase

1,133

35.2376 USD

common stock

Purchase

902

35.2316 USD

common stock

Purchase

568

35.3167 USD

common stock

Purchase

500

35.2400 USD

common stock

Purchase

500

35.2900 USD

common stock

Purchase

471

35.2652 USD

common stock

Purchase

304

35.5018 USD

common stock

Purchase

265

35.4479 USD

common stock

Purchase

200

35.3545 USD

common stock

Purchase

119

35.0644 USD

common stock

Purchase

100

35.5200 USD

common stock

Purchase

20

35.3950 USD

common stock

Purchase

17

35.2558 USD

common stock

Purchase

12

35.3033 USD

common stock

Purchase

1

32.8000 EUR

common stock

Purchase

1

35.5000 USD

common stock

Sale

237,648

35.2907 USD

common stock

Sale

121,716

35.3344 USD

common stock

Sale

106,784

35.2740 USD

common stock

Sale

84,773

35.3709 USD

common stock

Sale

73,827

35.3295 USD

common stock

Sale

60,777

35.3163 USD

common stock

Sale

46,459

35.3365 USD

common stock

Sale

39,704

35.2993 USD

common stock

Sale

34,189

35.3190 USD

common stock

Sale

32,750

35.3053 USD

common stock

Sale

32,232

35.3700 USD

common stock

Sale

30,000

34.7933 USD

common stock

Sale

21,503

35.3128 USD

common stock

Sale

16,749

35.3389 USD

common stock

Sale

15,216

35.3171 USD

common stock

Sale

13,888

35.3397 USD

common stock

Sale

13,770

35.3001 USD

common stock

Sale

13,500

35.3045 USD

common stock

Sale

12,146

35.3818 USD

common stock

Sale

12,020

35.3330 USD

common stock

Sale

10,006

34.7652 USD

common stock

Sale

9,822

35.0000 USD

common stock

Sale

7,940

35.1199 USD

common stock

Sale

7,922

35.2807 USD

common stock

Sale

6,811

35.3149 USD

common stock

Sale

5,698

34.8209 USD

common stock

Sale

5,500

35.3821 USD

common stock

Sale

5,145

35.3811 USD

common stock

Sale

5,124

35.3143 USD

common stock

Sale

5,095

35.2880 USD

common stock

Sale

4,429

35.3254 USD

common stock

Sale

4,084

35.2974 USD

common stock

Sale

2,974

34.8146 USD

common stock

Sale

2,601

35.2243 USD

common stock

Sale

2,459

35.3444 USD

common stock

Sale

2,000

35.4146 USD

common stock

Sale

1,900

35.3144 USD

common stock

Sale

1,846

35.3205 USD

common stock

Sale

1,805

35.3096 USD

common stock

Sale

1,444

35.0257 USD

common stock

Sale

1,354

35.3267 USD

common stock

Sale

1,330

35.3450 USD

common stock

Sale

1,303

35.1889 USD

common stock

Sale

1,212

35.3966 USD

common stock

Sale

1,193

35.3386 USD

common stock

Sale

1,146

35.3460 USD

common stock

Sale

1,034

34.9189 USD

common stock

Sale

1,020

35.2285 USD

common stock

Sale

933

35.3084 USD

common stock

Sale

600

35.0633 USD

common stock

Sale

410

35.3950 USD

common stock

Sale

400

35.4025 USD

common stock

Sale

318

35.1239 USD

common stock

Sale

300

35.4033 USD

common stock

Sale

252

35.2288 USD

common stock

Sale

220

35.2575 USD

common stock

Sale

215

35.2294 USD

common stock

Sale

212

35.3970 USD

common stock

Sale

210

35.2916 USD

common stock

Sale

200

35.1000 USD

common stock

Sale

200

35.3350 USD

common stock

Sale

200

35.3875 USD

common stock

Sale

150

35.3166 USD

common stock

Sale

144

35.3302 USD

common stock

Sale

119

35.0644 USD

common stock

Sale

115

35.2769 USD

common stock

Sale

102

35.3500 USD

common stock

Sale

100

35.2200 USD

common stock

Sale

100

35.3600 USD

common stock

Sale

10

35.2900 USD

common stock

Sale

1

32.8000 EUR

(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

1,498

34.9700 USD

common stock

SWAP

Increasing Long

37,400

35.3135 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:

22 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213