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:

29 May 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:

794,348

0.23%

551,810

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

286,010

0.08%

44,055

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,080,358

0.31%

595,865

0.17%

(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

172,190

44.5481 USD

common stock

Purchase

127,701

44.4170 USD

common stock

Purchase

123,232

44.5405 USD

common stock

Purchase

70,280

44.5093 USD

common stock

Purchase

52,876

44.4294 USD

common stock

Purchase

48,526

44.4966 USD

common stock

Purchase

47,307

44.4995 USD

common stock

Purchase

24,838

44.4534 USD

common stock

Purchase

22,620

44.5342 USD

common stock

Purchase

20,823

44.6545 USD

common stock

Purchase

18,701

44.5082 USD

common stock

Purchase

17,138

44.4764 USD

common stock

Purchase

16,564

44.4232 USD

common stock

Purchase

16,206

44.4190 USD

common stock

Purchase

15,586

44.4585 USD

common stock

Purchase

14,325

44.4000 USD

common stock

Purchase

7,695

44.5182 USD

common stock

Purchase

7,259

44.4245 USD

common stock

Purchase

5,357

44.4912 USD

common stock

Purchase

5,038

44.4257 USD

common stock

Purchase

5,018

44.4700 USD

common stock

Purchase

5,004

44.5214 USD

common stock

Purchase

5,000

44.4979 USD

common stock

Purchase

3,578

44.5091 USD

common stock

Purchase

3,071

44.5572 USD

common stock

Purchase

3,008

44.5127 USD

common stock

Purchase

2,931

44.5470 USD

common stock

Purchase

2,275

44.3150 USD

common stock

Purchase

2,163

44.5522 USD

common stock

Purchase

2,093

44.5084 USD

common stock

Purchase

2,090

44.4161 USD

common stock

Purchase

1,800

44.5605 USD

common stock

Purchase

1,551

44.4522 USD

common stock

Purchase

1,427

44.5399 USD

common stock

Purchase

1,357

44.4952 USD

common stock

Purchase

1,084

44.4891 USD

common stock

Purchase

1,029

44.4289 USD

common stock

Purchase

844

44.5562 USD

common stock

Purchase

795

44.4894 USD

common stock

Purchase

780

44.5158 USD

common stock

Purchase

700

44.4857 USD

common stock

Purchase

669

44.4793 USD

common stock

Purchase

458

44.4431 USD

common stock

Purchase

407

44.5467 USD

common stock

Purchase

323

44.4369 USD

common stock

Purchase

300

44.4566 USD

common stock

Purchase

300

44.5166 USD

common stock

Purchase

280

44.6600 USD

common stock

Purchase

268

44.4849 USD

common stock

Purchase

236

44.3900 USD

common stock

Purchase

216

44.6450 USD

common stock

Purchase

190

44.5000 USD

common stock

Purchase

169

44.3924 USD

common stock

Purchase

157

44.5100 USD

common stock

Purchase

129

44.4848 USD

common stock

Purchase

98

44.2691 USD

common stock

Purchase

79

44.7600 USD

common stock

Purchase

79

44.5348 USD

common stock

Purchase

69

44.4900 USD

common stock

Purchase

60

44.4800 USD

common stock

Purchase

50

44.9400 USD

common stock

Purchase

28

44.5300 USD

common stock

Purchase

21

44.3800 USD

common stock

Purchase

20

44.5350 USD

common stock

Purchase

2

44.8900 USD

common stock

Purchase

1

44.5200 USD

common stock

Sale

344,380

44.5481 USD

common stock

Sale

224,930

44.4232 USD

common stock

Sale

45,240

44.5342 USD

common stock

Sale

36,508

44.4984 USD

common stock

Sale

29,720

44.5020 USD

common stock

Sale

24,903

44.4660 USD

common stock

Sale

21,930

44.4000 USD

common stock

Sale

20,782

44.5110 USD

common stock

Sale

11,445

44.4636 USD

common stock

Sale

11,006

44.5312 USD

common stock

Sale

10,133

44.4434 USD

common stock

Sale

9,915

44.4086 USD

common stock

Sale

9,392

44.5426 USD

common stock

Sale

9,233

44.4646 USD

common stock

Sale

8,338

44.4920 USD

common stock

Sale

8,182

44.4800 USD

common stock

Sale

7,259

44.4245 USD

common stock

Sale

6,684

44.5103 USD

common stock

Sale

6,058

44.4153 USD

common stock

Sale

5,764

44.4669 USD

common stock

Sale

5,549

44.4426 USD

common stock

Sale

4,206

44.5209 USD

common stock

Sale

3,670

44.4852 USD

common stock

Sale

3,495

44.4587 USD

common stock

Sale

3,228

44.5679 USD

common stock

Sale

2,900

44.4518 USD

common stock

Sale

2,558

44.4589 USD

common stock

Sale

2,210

44.5597 USD

common stock

Sale

2,148

44.5913 USD

common stock

Sale

1,619

44.5061 USD

common stock

Sale

1,551

44.4522 USD

common stock

Sale

1,364

44.5436 USD

common stock

Sale

1,278

44.4110 USD

common stock

Sale

1,002

44.5665 USD

common stock

Sale

968

44.5671 USD

common stock

Sale

900

44.5333 USD

common stock

Sale

891

44.6099 USD

common stock

Sale

841

44.4759 USD

common stock

Sale

795

44.5255 USD

common stock

Sale

790

44.4700 USD

common stock

Sale

723

44.4267 USD

common stock

Sale

666

44.5927 USD

common stock

Sale

595

44.3765 USD

common stock

Sale

489

44.4825 USD

common stock

Sale

441

44.5197 USD

common stock

Sale

402

44.5461 USD

common stock

Sale

347

44.5701 USD

common stock

Sale

300

44.6600 USD

common stock

Sale

300

44.5500 USD

common stock

Sale

300

44.5700 USD

common stock

Sale

300

44.4450 USD

common stock

Sale

237

44.3900 USD

common stock

Sale

206

44.5216 USD

common stock

Sale

205

44.5000 USD

common stock

Sale

205

44.5282 USD

common stock

Sale

200

44.4350 USD

common stock

Sale

200

44.3950 USD

common stock

Sale

200

44.3700 USD

common stock

Sale

200

44.5150 USD

common stock

Sale

200

44.3600 USD

common stock

Sale

125

44.5400 USD

common stock

Sale

110

44.3618 USD

common stock

Sale

100

44.7500 USD

common stock

Sale

100

44.3100 USD

common stock

Sale

100

44.6300 USD

common stock

Sale

98

44.2691 USD

common stock

Sale

60

44.4116 USD

common stock

Sale

50

44.9400 USD

common stock

Sale

33

44.7800 USD

common stock

Sale

31

44.4577 USD

common stock

Sale

20

44.5350 USD

common stock

Sale

12

44.3825 USD

common stock

Sale

11

44.2700 USD

common stock

Sale

2

44.2800 USD

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

(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

Put Options

Selling

1,200

45.0000 USD

American

16 Aug 2024

3.2000 USD

common stock

Put Options

Selling

7,000

43.0000 USD

American

16 Aug 2024

2.0000 USD

common stock

Call Options

Selling

2,600

46.0000 USD

American

07 Jun 2024

0.5576 USD

common stock

Call Options

Selling

4,000

45.0000 USD

American

07 Jun 2024

0.9287 USD

common stock

Call Options

Selling

7,100

48.0000 USD

American

16 Aug 2024

1.7500 USD

common stock

Put Options

Selling

3,600

48.0000 USD

American

16 Aug 2024

4.5000 USD

common stock

Call Options

Selling

7,900

46.0000 USD

American

07 Jun 2024

0.5955 USD

common stock

Call Options

Selling

2,800

47.0000 USD

American

07 Jun 2024

0.3500 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:

30 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213