Form 8.3 - International Paper Company

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 COMPANY

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:

14 Nov 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:

843,806

0.24%

572,633

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

331,793

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,175,599

0.33%

586,293

0.16%

(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

115,927

56.8379 USD

common stock

Purchase

53,050

56.8720 USD

common stock

Purchase

50,976

56.7338 USD

common stock

Purchase

48,500

50.0000 USD

common stock

Purchase

42,000

51.0000 USD

common stock

Purchase

24,000

52.0000 USD

common stock

Purchase

24,000

52.5000 USD

common stock

Purchase

22,900

47.5000 USD

common stock

Purchase

22,257

56.9300 USD

common stock

Purchase

21,786

56.1867 USD

common stock

Purchase

20,521

56.6784 USD

common stock

Purchase

15,558

56.5167 USD

common stock

Purchase

11,731

56.7590 USD

common stock

Purchase

10,833

56.2861 USD

common stock

Purchase

8,458

56.3491 USD

common stock

Purchase

8,306

56.8019 USD

common stock

Purchase

7,200

49.0000 USD

common stock

Purchase

6,113

56.6825 USD

common stock

Purchase

6,100

48.5000 USD

common stock

Purchase

5,000

48.0000 USD

common stock

Purchase

5,000

54.0000 USD

common stock

Purchase

4,849

56.8042 USD

common stock

Purchase

4,731

56.6656 USD

common stock

Purchase

4,511

56.7156 USD

common stock

Purchase

3,705

56.2273 USD

common stock

Purchase

3,510

56.0049 USD

common stock

Purchase

2,427

56.2082 USD

common stock

Purchase

2,201

56.1067 USD

common stock

Purchase

1,866

56.7373 USD

common stock

Purchase

1,306

56.0814 USD

common stock

Purchase

1,101

56.7422 USD

common stock

Purchase

1,052

56.4646 USD

common stock

Purchase

916

56.7227 USD

common stock

Purchase

600

56.0000 USD

common stock

Purchase

529

56.5425 USD

common stock

Purchase

502

56.7127 USD

common stock

Purchase

441

56.7971 USD

common stock

Purchase

422

56.6823 USD

common stock

Purchase

306

56.2800 USD

common stock

Purchase

300

49.5000 USD

common stock

Purchase

248

56.4367 USD

common stock

Purchase

243

56.7427 USD

common stock

Purchase

226

56.8661 USD

common stock

Purchase

214

56.5310 USD

common stock

Purchase

127

56.9077 USD

common stock

Purchase

117

56.9100 USD

common stock

Purchase

100

56.8100 USD

common stock

Purchase

100

56.1400 USD

common stock

Purchase

100

47.0000 USD

common stock

Purchase

100

56.7500 USD

common stock

Purchase

50

56.4100 USD

common stock

Purchase

29

53.3400 EUR

common stock

Purchase

20

56.6270 USD

common stock

Sale

72,279

56.8767 USD

common stock

Sale

71,137

56.7370 USD

common stock

Sale

58,066

56.4993 USD

common stock

Sale

41,435

56.9300 USD

common stock

Sale

19,516

56.8577 USD

common stock

Sale

13,159

56.1655 USD

common stock

Sale

11,380

56.8045 USD

common stock

Sale

11,363

56.7332 USD

common stock

Sale

10,623

56.3927 USD

common stock

Sale

8,260

56.7534 USD

common stock

Sale

5,279

56.4060 USD

common stock

Sale

4,188

56.8325 USD

common stock

Sale

4,034

56.7079 USD

common stock

Sale

3,914

56.7432 USD

common stock

Sale

3,211

56.6727 USD

common stock

Sale

3,097

56.7652 USD

common stock

Sale

2,395

56.6887 USD

common stock

Sale

2,309

56.1090 USD

common stock

Sale

2,201

56.1067 USD

common stock

Sale

2,000

56.0070 USD

common stock

Sale

1,805

56.8199 USD

common stock

Sale

1,581

56.8149 USD

common stock

Sale

1,247

56.1952 USD

common stock

Sale

1,100

56.2631 USD

common stock

Sale

1,077

56.7849 USD

common stock

Sale

953

56.7513 USD

common stock

Sale

779

56.7987 USD

common stock

Sale

675

56.7730 USD

common stock

Sale

653

56.0814 USD

common stock

Sale

600

55.9533 USD

common stock

Sale

568

56.0720 USD

common stock

Sale

510

56.0141 USD

common stock

Sale

404

56.8966 USD

common stock

Sale

400

56.8075 USD

common stock

Sale

340

56.6829 USD

common stock

Sale

306

56.2800 USD

common stock

Sale

287

56.0506 USD

common stock

Sale

283

56.1545 USD

common stock

Sale

244

56.1127 USD

common stock

Sale

214

56.5310 USD

common stock

Sale

206

56.3216 USD

common stock

Sale

204

56.0900 USD

common stock

Sale

200

56.0400 USD

common stock

Sale

200

56.0950 USD

common stock

Sale

192

56.2458 USD

common stock

Sale

184

56.0989 USD

common stock

Sale

171

56.6390 USD

common stock

Sale

128

56.4900 USD

common stock

Sale

123

56.8700 USD

common stock

Sale

120

56.3800 USD

common stock

Sale

118

56.7605 USD

common stock

Sale

101

56.0700 USD

common stock

Sale

100

56.1400 USD

common stock

Sale

82

56.6800 USD

common stock

Sale

31

56.2477 USD

common stock

Sale

29

53.3400 EUR

common stock

Sale

20

56.6270 USD

common stock

Sale

18

56.8000 USD

common stock

Sale

13

56.0350 USD

common stock

Sale

6

56.6850 USD

common stock

Sale

1

56.7600 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

16,104

56.9275 USD

common stock

SWAP

Decreasing Long

560

56.9325 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

common stock

Call Options

Purchasing

7,000

49.0000 USD

American

15 Nov 2024

7.2000 USD

common stock

Call Options

Selling

102,000

50.0000 USD

American

15 Nov 2024

6.8000 USD

common stock

Call Options

Purchasing

42,000

51.0000 USD

American

15 Nov 2024

5.6000 USD

common stock

Call Options

Selling

12,000

45.0000 USD

American

15 Nov 2024

11.7500 USD

common stock

Call Options

Selling

12,000

53.0000 USD

American

15 Nov 2024

2.9000 USD

common stock

Call Options

Purchasing

48,000

50.0000 USD

American

15 Nov 2024

6.2000 USD

common stock

Call Options

Purchasing

22,000

48.0000 USD

American

15 Nov 2024

8.5000 USD

common stock

Call Options

Purchasing

24,000

53.0000 USD

American

15 Nov 2024

3.8000 USD

common stock

Call Options

Purchasing

24,000

52.0000 USD

American

15 Nov 2024

4.2000 USD

common stock

Call Options

Purchasing

5,000

48.0000 USD

American

15 Nov 2024

8.2000 USD

common stock

Call Options

Selling

57,000

55.0000 USD

American

15 Nov 2024

1.2500 USD

common stock

Call Options

Purchasing

5,000

54.0000 USD

American

15 Nov 2024

2.4500 USD

common stock

Call Options

Purchasing

6,000

49.0000 USD

American

15 Nov 2024

7.7000 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:

15 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213