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:

13 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:

646,587

0.19%

791,869

0.23%

(2)

Cash-settled derivatives:

and/or controlled:

399,180

0.11%

100,125

0.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,045,767

0.30%

891,994

0.26%

(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

330,052

39.4010 USD

common stock

Purchase

300,210

39.1311 USD

common stock

Purchase

216,187

39.0472 USD

common stock

Purchase

192,692

39.1578 USD

common stock

Purchase

93,654

38.9169 USD

common stock

Purchase

81,246

39.4484 USD

common stock

Purchase

62,893

39.4234 USD

common stock

Purchase

39,867

39.0963 USD

common stock

Purchase

37,568

39.3866 USD

common stock

Purchase

34,108

38.9741 USD

common stock

Purchase

18,769

39.2255 USD

common stock

Purchase

13,300

39.0665 USD

common stock

Purchase

12,100

38.8244 USD

common stock

Purchase

11,603

38.9376 USD

common stock

Purchase

10,685

38.9004 USD

common stock

Purchase

9,345

38.9622 USD

common stock

Purchase

8,000

39.3200 USD

common stock

Purchase

7,516

38.9010 USD

common stock

Purchase

6,909

38.9149 USD

common stock

Purchase

6,700

38.9605 USD

common stock

Purchase

6,000

39.5200 USD

common stock

Purchase

5,777

38.9208 USD

common stock

Purchase

5,647

38.8947 USD

common stock

Purchase

5,466

39.0545 USD

common stock

Purchase

4,071

38.9637 USD

common stock

Purchase

3,428

39.1962 USD

common stock

Purchase

3,125

39.0583 USD

common stock

Purchase

3,121

39.2222 USD

common stock

Purchase

3,000

38.9940 USD

common stock

Purchase

2,925

38.8846 USD

common stock

Purchase

2,827

39.2083 USD

common stock

Purchase

2,400

38.9479 USD

common stock

Purchase

2,067

38.9778 USD

common stock

Purchase

1,974

39.2693 USD

common stock

Purchase

1,916

39.2047 USD

common stock

Purchase

1,473

39.1559 USD

common stock

Purchase

1,097

39.2134 USD

common stock

Purchase

1,076

38.9926 USD

common stock

Purchase

908

39.1524 USD

common stock

Purchase

886

38.9832 USD

common stock

Purchase

870

38.9216 USD

common stock

Purchase

855

39.2411 USD

common stock

Purchase

716

38.9259 USD

common stock

Purchase

710

39.1072 USD

common stock

Purchase

615

39.2428 USD

common stock

Purchase

555

39.1677 USD

common stock

Purchase

365

39.1048 USD

common stock

Purchase

355

39.4209 USD

common stock

Purchase

336

39.1299 USD

common stock

Purchase

321

39.2741 USD

common stock

Purchase

300

39.0000 USD

common stock

Purchase

214

39.3888 USD

common stock

Purchase

206

39.3254 USD

common stock

Purchase

200

38.9050 USD

common stock

Purchase

200

38.8900 USD

common stock

Purchase

200

38.8350 USD

common stock

Purchase

125

39.1536 USD

common stock

Purchase

115

38.9552 USD

common stock

Purchase

110

38.8481 USD

common stock

Purchase

103

38.9300 USD

common stock

Purchase

103

39.2160 USD

common stock

Purchase

100

38.8050 USD

common stock

Purchase

100

39.0400 USD

common stock

Purchase

100

39.5400 USD

common stock

Purchase

93

38.8400 USD

common stock

Purchase

90

39.1350 USD

common stock

Purchase

86

36.0500 EUR

common stock

Purchase

35

39.1192 USD

common stock

Purchase

20

38.8300 USD

common stock

Purchase

19

39.5147 USD

common stock

Purchase

19

39.3982 USD

common stock

Purchase

5

38.8200 USD

common stock

Purchase

4

39.4200 USD

common stock

Sale

219,736

39.4667 USD

common stock

Sale

108,662

39.2864 USD

common stock

Sale

107,110

39.1080 USD

common stock

Sale

97,206

38.9255 USD

common stock

Sale

93,654

38.9169 USD

common stock

Sale

89,742

39.1824 USD

common stock

Sale

80,387

39.4133 USD

common stock

Sale

61,824

39.1562 USD

common stock

Sale

55,450

39.0721 USD

common stock

Sale

50,044

39.2708 USD

common stock

Sale

49,541

39.2454 USD

common stock

Sale

46,959

39.0981 USD

common stock

Sale

44,700

38.7979 USD

common stock

Sale

39,042

39.1666 USD

common stock

Sale

37,100

39.1251 USD

common stock

Sale

35,484

39.1204 USD

common stock

Sale

33,200

38.7827 USD

common stock

Sale

28,446

39.1089 USD

common stock

Sale

23,790

39.1592 USD

common stock

Sale

22,294

39.3094 USD

common stock

Sale

17,519

39.2828 USD

common stock

Sale

14,933

39.4437 USD

common stock

Sale

13,706

39.3082 USD

common stock

Sale

13,190

39.2367 USD

common stock

Sale

12,733

38.9924 USD

common stock

Sale

12,396

39.2260 USD

common stock

Sale

11,953

39.1381 USD

common stock

Sale

11,466

39.2981 USD

common stock

Sale

10,685

38.9004 USD

common stock

Sale

10,224

39.5200 USD

common stock

Sale

10,200

38.7944 USD

common stock

Sale

9,047

39.2571 USD

common stock

Sale

8,100

39.3138 USD

common stock

Sale

7,733

39.1043 USD

common stock

Sale

7,627

39.0700 USD

common stock

Sale

6,625

39.1981 USD

common stock

Sale

6,451

39.2682 USD

common stock

Sale

6,210

39.0955 USD

common stock

Sale

5,972

39.0917 USD

common stock

Sale

5,465

39.1266 USD

common stock

Sale

5,020

39.3295 USD

common stock

Sale

4,841

39.0655 USD

common stock

Sale

4,797

39.0394 USD

common stock

Sale

3,220

38.7024 USD

common stock

Sale

3,125

39.0583 USD

common stock

Sale

3,079

39.3100 USD

common stock

Sale

2,582

39.0988 USD

common stock

Sale

2,352

39.4000 USD

common stock

Sale

2,286

39.3298 USD

common stock

Sale

2,064

39.1975 USD

common stock

Sale

1,974

39.2693 USD

common stock

Sale

1,800

38.9938 USD

common stock

Sale

1,674

39.1383 USD

common stock

Sale

1,552

39.1964 USD

common stock

Sale

1,473

39.1559 USD

common stock

Sale

1,300

39.4782 USD

common stock

Sale

1,200

38.7362 USD

common stock

Sale

1,108

38.7541 USD

common stock

Sale

1,025

39.0756 USD

common stock

Sale

900

38.7366 USD

common stock

Sale

800

39.2456 USD

common stock

Sale

711

39.0865 USD

common stock

Sale

624

38.9700 USD

common stock

Sale

615

39.2428 USD

common stock

Sale

516

39.0345 USD

common stock

Sale

500

38.9320 USD

common stock

Sale

500

38.8120 USD

common stock

Sale

433

39.0177 USD

common stock

Sale

397

39.0300 USD

common stock

Sale

388

39.5112 USD

common stock

Sale

374

39.0561 USD

common stock

Sale

300

38.8816 USD

common stock

Sale

300

39.3866 USD

common stock

Sale

300

39.0000 USD

common stock

Sale

300

38.8000 USD

common stock

Sale

300

39.1800 USD

common stock

Sale

220

39.2244 USD

common stock

Sale

214

39.3888 USD

common stock

Sale

211

39.1005 USD

common stock

Sale

202

39.1181 USD

common stock

Sale

200

38.8350 USD

common stock

Sale

200

38.8100 USD

common stock

Sale

200

39.5000 USD

common stock

Sale

200

39.5049 USD

common stock

Sale

200

38.7700 USD

common stock

Sale

120

38.8300 USD

common stock

Sale

109

39.0200 USD

common stock

Sale

86

36.0500 EUR

common stock

Sale

55

39.1756 USD

common stock

Sale

5

39.1900 USD

common stock

Sale

1

38.6300 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

4,624

38.9400 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:

14 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213