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:

12 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:

991,195

0.29%

656,257

0.19%

(2)

Cash-settled derivatives:

and/or controlled:

317,452

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,308,647

0.38%

669,917

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

119,198

55.0287 USD

common stock

Purchase

65,557

54.8139 USD

common stock

Purchase

35,221

54.8600 USD

common stock

Purchase

33,022

54.8599 USD

common stock

Purchase

16,117

54.7863 USD

common stock

Purchase

13,543

54.8705 USD

common stock

Purchase

12,927

54.8595 USD

common stock

Purchase

12,488

54.6049 USD

common stock

Purchase

11,725

54.7971 USD

common stock

Purchase

3,899

54.8587 USD

common stock

Purchase

3,206

54.6925 USD

common stock

Purchase

2,684

54.9672 USD

common stock

Purchase

1,816

55.0975 USD

common stock

Purchase

1,781

54.9416 USD

common stock

Purchase

1,340

54.9066 USD

common stock

Purchase

1,227

55.0836 USD

common stock

Purchase

1,069

55.0042 USD

common stock

Purchase

674

54.9473 USD

common stock

Purchase

612

55.1410 USD

common stock

Purchase

479

54.7519 USD

common stock

Purchase

443

54.5937 USD

common stock

Purchase

287

54.6224 USD

common stock

Purchase

211

54.3657 USD

common stock

Purchase

200

54.4450 USD

common stock

Purchase

185

54.6987 USD

common stock

Purchase

175

54.1000 USD

common stock

Purchase

100

54.9200 USD

common stock

Purchase

100

55.1200 USD

common stock

Purchase

33

54.5218 USD

common stock

Purchase

30

54.3700 USD

common stock

Purchase

10

55.0400 USD

common stock

Sale

74,250

54.8095 USD

common stock

Sale

64,959

54.8599 USD

common stock

Sale

56,113

54.9804 USD

common stock

Sale

29,704

55.0664 USD

common stock

Sale

28,665

54.8356 USD

common stock

Sale

27,136

54.8600 USD

common stock

Sale

12,936

54.8627 USD

common stock

Sale

11,299

55.0919 USD

common stock

Sale

7,861

54.8649 USD

common stock

Sale

6,602

54.8730 USD

common stock

Sale

6,216

54.8724 USD

common stock

Sale

5,818

55.0886 USD

common stock

Sale

5,518

54.4156 USD

common stock

Sale

5,402

54.9339 USD

common stock

Sale

4,527

54.7804 USD

common stock

Sale

3,722

55.0765 USD

common stock

Sale

3,453

55.1194 USD

common stock

Sale

2,975

55.0077 USD

common stock

Sale

2,800

55.0118 USD

common stock

Sale

1,905

54.3086 USD

common stock

Sale

1,271

55.0914 USD

common stock

Sale

1,139

55.1230 USD

common stock

Sale

997

55.1421 USD

common stock

Sale

599

54.9236 USD

common stock

Sale

583

54.6305 USD

common stock

Sale

500

54.8560 USD

common stock

Sale

500

54.8675 USD

common stock

Sale

453

54.8200 USD

common stock

Sale

443

54.5937 USD

common stock

Sale

381

54.8992 USD

common stock

Sale

320

54.8788 USD

common stock

Sale

300

54.9400 USD

common stock

Sale

230

54.8301 USD

common stock

Sale

132

54.7234 USD

common stock

Sale

125

54.9240 USD

common stock

Sale

113

55.1900 USD

common stock

Sale

100

55.1100 USD

common stock

Sale

100

54.9200 USD

common stock

Sale

89

55.2200 USD

common stock

Sale

60

54.4550 USD

common stock

Sale

54

55.2333 USD

common stock

Sale

40

55.1612 USD

common stock

Sale

18

54.8127 USD

common stock

Sale

6

54.9916 USD

common stock

Sale

5

55.1500 USD

common stock

Sale

3

55.1200 USD

common stock

Sale

3

53.9416 USD

common stock

Sale

3

55.1300 USD

common stock

Sale

1

55.1750 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

740

54.8625 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:

13 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213