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:

03 Dec 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:

984,300

0.28%

604,309

0.17%

(2)

Cash-settled derivatives:

and/or controlled:

319,283

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,303,583

0.38%

617,969

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

251,142

58.7100 USD

common stock

Purchase

81,023

58.6871 USD

common stock

Purchase

55,344

58.7099 USD

common stock

Purchase

34,257

58.7501 USD

common stock

Purchase

4,652

58.2800 USD

common stock

Purchase

3,705

58.5256 USD

common stock

Purchase

3,664

58.6476 USD

common stock

Purchase

3,389

58.5446 USD

common stock

Purchase

3,371

58.6717 USD

common stock

Purchase

3,341

58.4790 USD

common stock

Purchase

2,986

58.6413 USD

common stock

Purchase

2,068

58.5184 USD

common stock

Purchase

1,102

58.5865 USD

common stock

Purchase

726

58.4980 USD

common stock

Purchase

575

58.6303 USD

common stock

Purchase

304

58.6723 USD

common stock

Purchase

293

58.6333 USD

common stock

Purchase

229

58.4743 USD

common stock

Purchase

191

58.7050 USD

common stock

Purchase

189

58.4868 USD

common stock

Purchase

163

58.5566 USD

common stock

Purchase

101

58.7002 USD

common stock

Purchase

100

58.4200 USD

common stock

Purchase

100

58.4250 USD

common stock

Purchase

79

58.4700 USD

common stock

Purchase

31

58.6358 USD

common stock

Purchase

15

58.3600 USD

common stock

Purchase

15

58.3850 USD

common stock

Purchase

10

58.7400 USD

common stock

Purchase

9

58.7133 USD

common stock

Purchase

5

58.7200 USD

common stock

Purchase

5

58.5900 USD

common stock

Sale

194,810

58.7100 USD

common stock

Sale

92,184

58.7099 USD

common stock

Sale

84,789

58.6841 USD

common stock

Sale

25,522

58.7161 USD

common stock

Sale

10,037

58.7268 USD

common stock

Sale

7,717

58.7583 USD

common stock

Sale

7,096

58.7671 USD

common stock

Sale

4,652

58.2800 USD

common stock

Sale

3,762

58.5932 USD

common stock

Sale

3,382

58.6552 USD

common stock

Sale

3,210

58.3105 USD

common stock

Sale

3,026

58.6396 USD

common stock

Sale

2,362

58.5040 USD

common stock

Sale

1,985

58.7608 USD

common stock

Sale

1,473

58.7727 USD

common stock

Sale

1,260

58.4608 USD

common stock

Sale

1,248

58.6606 USD

common stock

Sale

1,230

58.6398 USD

common stock

Sale

836

58.6100 USD

common stock

Sale

798

58.8397 USD

common stock

Sale

229

58.4743 USD

common stock

Sale

197

58.6994 USD

common stock

Sale

178

58.7847 USD

common stock

Sale

177

58.6761 USD

common stock

Sale

173

58.6583 USD

common stock

Sale

164

58.8574 USD

common stock

Sale

100

58.4250 USD

common stock

Sale

88

58.8500 USD

common stock

Sale

70

58.7000 USD

common stock

Sale

38

58.4400 USD

common stock

Sale

31

58.5566 USD

common stock

Sale

30

58.3850 USD

common stock

Sale

30

58.4700 USD

common stock

Sale

15

58.5500 USD

common stock

Sale

10

58.5950 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

264

58.7075 USD

common stock

SWAP

Increasing Long

1,236

58.7089 USD

common stock

SWAP

Increasing Long

2,774

58.7090 USD

common stock

SWAP

Decreasing Long

1,360

58.7125 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:

04 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213