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:

21 Oct 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:

872,135

0.25%

348,969

0.10%

(2)

Cash-settled derivatives:

and/or controlled:

278,829

0.08%

21,332

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,150,964

0.33%

370,301

0.11%

(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

147,575

46.8051 USD

common stock

Purchase

62,090

46.7921 USD

common stock

Purchase

29,467

46.9300 USD

common stock

Purchase

25,015

46.7577 USD

common stock

Purchase

15,325

46.6709 USD

common stock

Purchase

13,842

46.7011 USD

common stock

Purchase

9,140

46.6455 USD

common stock

Purchase

8,064

46.8080 USD

common stock

Purchase

7,782

46.6617 USD

common stock

Purchase

7,524

46.9296 USD

common stock

Purchase

5,639

46.5746 USD

common stock

Purchase

3,794

46.5798 USD

common stock

Purchase

3,692

46.6658 USD

common stock

Purchase

3,400

46.6586 USD

common stock

Purchase

2,675

46.5925 USD

common stock

Purchase

2,321

46.8131 USD

common stock

Purchase

1,999

46.5763 USD

common stock

Purchase

1,440

46.7247 USD

common stock

Purchase

1,240

46.6970 USD

common stock

Purchase

1,225

46.6800 USD

common stock

Purchase

1,139

46.7029 USD

common stock

Purchase

1,136

46.5567 USD

common stock

Purchase

1,128

46.7328 USD

common stock

Purchase

1,085

46.8852 USD

common stock

Purchase

913

46.6533 USD

common stock

Purchase

913

46.6089 USD

common stock

Purchase

906

46.6316 USD

common stock

Purchase

531

46.6434 USD

common stock

Purchase

500

46.5180 USD

common stock

Purchase

467

46.6461 USD

common stock

Purchase

400

46.6750 USD

common stock

Purchase

400

46.6525 USD

common stock

Purchase

300

46.6033 USD

common stock

Purchase

247

46.7183 USD

common stock

Purchase

244

42.8581 EUR

common stock

Purchase

215

46.7527 USD

common stock

Purchase

200

46.4900 USD

common stock

Purchase

200

46.6700 USD

common stock

Purchase

169

46.6500 USD

common stock

Purchase

149

46.6250 USD

common stock

Purchase

95

46.9500 USD

common stock

Purchase

62

46.7200 USD

common stock

Purchase

57

46.6204 USD

common stock

Purchase

52

46.5973 USD

common stock

Purchase

50

46.5500 USD

common stock

Purchase

48

46.7100 USD

common stock

Purchase

35

46.5900 USD

common stock

Purchase

10

46.6100 USD

common stock

Purchase

4

46.4850 USD

common stock

Purchase

2

46.7500 USD

common stock

Purchase

1

46.6400 USD

common stock

Sale

96,680

46.8757 USD

common stock

Sale

80,001

46.7377 USD

common stock

Sale

26,665

46.9233 USD

common stock

Sale

25,015

46.7577 USD

common stock

Sale

18,333

46.6805 USD

common stock

Sale

11,641

46.9300 USD

common stock

Sale

11,283

46.6922 USD

common stock

Sale

9,211

46.6267 USD

common stock

Sale

9,000

46.6479 USD

common stock

Sale

8,602

46.6990 USD

common stock

Sale

6,786

46.6039 USD

common stock

Sale

6,348

46.6865 USD

common stock

Sale

5,476

46.6333 USD

common stock

Sale

3,683

46.7857 USD

common stock

Sale

3,200

46.6521 USD

common stock

Sale

3,049

46.8074 USD

common stock

Sale

3,043

46.7157 USD

common stock

Sale

2,906

46.7302 USD

common stock

Sale

2,176

46.6622 USD

common stock

Sale

2,100

46.8100 USD

common stock

Sale

1,487

46.6550 USD

common stock

Sale

1,128

46.7328 USD

common stock

Sale

1,051

46.7174 USD

common stock

Sale

819

46.7005 USD

common stock

Sale

700

46.6450 USD

common stock

Sale

600

46.6383 USD

common stock

Sale

401

46.7548 USD

common stock

Sale

347

46.7283 USD

common stock

Sale

331

46.8021 USD

common stock

Sale

288

46.6250 USD

common stock

Sale

244

42.8581 EUR

common stock

Sale

110

46.7054 USD

common stock

Sale

103

46.7688 USD

common stock

Sale

100

46.7150 USD

common stock

Sale

100

46.5900 USD

common stock

Sale

88

46.5300 USD

common stock

Sale

57

46.6204 USD

common stock

Sale

52

46.6800 USD

common stock

Sale

49

46.8700 USD

common stock

Sale

48

46.7100 USD

common stock

Sale

1

46.9400 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

Decreasing Long

15,984

46.6671 USD

common stock

SWAP

Decreasing Long

18

46.9311 USD

common stock

SWAP

Decreasing Long

2,437

46.9324 USD

common stock

SWAP

Decreasing Long

2,851

46.9325 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

(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 Oct 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213