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:

19 Aug 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:

763,930

0.22%

443,069

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

179,543

0.05%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

123,800

0.04%

0

0.00%

TOTAL:

1,067,273

0.31%

443,069

0.13%

(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

125,854

47.5394 USD

common stock

Purchase

31,180

47.5942 USD

common stock

Purchase

26,982

47.6219 USD

common stock

Purchase

23,563

47.3600 USD

common stock

Purchase

10,929

47.4249 USD

common stock

Purchase

7,976

47.4238 USD

common stock

Purchase

7,767

47.4240 USD

common stock

Purchase

7,400

47.5900 USD

common stock

Purchase

6,760

47.6300 USD

common stock

Purchase

4,389

47.6157 USD

common stock

Purchase

3,775

47.4814 USD

common stock

Purchase

3,474

47.4948 USD

common stock

Purchase

2,348

47.5337 USD

common stock

Purchase

1,972

47.4480 USD

common stock

Purchase

1,832

47.4218 USD

common stock

Purchase

1,365

47.3407 USD

common stock

Purchase

1,050

47.0800 USD

common stock

Purchase

916

47.3975 USD

common stock

Purchase

858

47.1814 USD

common stock

Purchase

772

47.4954 USD

common stock

Purchase

647

47.5242 USD

common stock

Purchase

600

47.5166 USD

common stock

Purchase

500

47.3840 USD

common stock

Purchase

458

47.2001 USD

common stock

Purchase

435

47.4506 USD

common stock

Purchase

412

47.6035 USD

common stock

Purchase

352

47.6257 USD

common stock

Purchase

300

47.5366 USD

common stock

Purchase

230

47.2458 USD

common stock

Purchase

200

47.1650 USD

common stock

Purchase

110

47.3200 USD

common stock

Purchase

105

47.3100 USD

common stock

Purchase

105

47.3195 USD

common stock

Purchase

100

47.1700 USD

common stock

Purchase

100

47.1400 USD

common stock

Purchase

100

47.5800 USD

common stock

Purchase

100

47.4600 USD

common stock

Purchase

100

47.1800 USD

common stock

Purchase

83

47.6199 USD

common stock

Purchase

35

47.0900 USD

common stock

Purchase

34

47.4300 USD

common stock

Purchase

25

47.3300 USD

common stock

Sale

60,010

47.5861 USD

common stock

Sale

46,500

47.4959 USD

common stock

Sale

28,830

47.6233 USD

common stock

Sale

26,135

47.6218 USD

common stock

Sale

23,563

47.3600 USD

common stock

Sale

10,929

47.4249 USD

common stock

Sale

10,555

47.4801 USD

common stock

Sale

9,387

47.6300 USD

common stock

Sale

8,386

47.5733 USD

common stock

Sale

8,128

47.4842 USD

common stock

Sale

7,826

47.4307 USD

common stock

Sale

7,815

47.4195 USD

common stock

Sale

6,929

47.4352 USD

common stock

Sale

3,858

47.5206 USD

common stock

Sale

3,775

47.4814 USD

common stock

Sale

3,636

47.6238 USD

common stock

Sale

3,100

47.3906 USD

common stock

Sale

2,100

47.0800 USD

common stock

Sale

1,973

47.5427 USD

common stock

Sale

1,716

47.1814 USD

common stock

Sale

1,320

47.3827 USD

common stock

Sale

1,138

47.3702 USD

common stock

Sale

1,120

47.4400 USD

common stock

Sale

1,007

47.1816 USD

common stock

Sale

986

47.4480 USD

common stock

Sale

937

47.4484 USD

common stock

Sale

865

47.4405 USD

common stock

Sale

517

47.3396 USD

common stock

Sale

500

47.5750 USD

common stock

Sale

450

47.4011 USD

common stock

Sale

400

47.4412 USD

common stock

Sale

400

47.4175 USD

common stock

Sale

349

47.4496 USD

common stock

Sale

257

47.5480 USD

common stock

Sale

256

47.3276 USD

common stock

Sale

254

47.4837 USD

common stock

Sale

229

47.5800 USD

common stock

Sale

164

47.3971 USD

common stock

Sale

119

47.3500 USD

common stock

Sale

118

47.5715 USD

common stock

Sale

106

47.4320 USD

common stock

Sale

100

47.5375 USD

common stock

Sale

100

47.5900 USD

common stock

Sale

100

47.3200 USD

common stock

Sale

84

47.6200 USD

common stock

Sale

74

47.5867 USD

common stock

Sale

39

47.6085 USD

common stock

Sale

29

47.5700 USD

common stock

Sale

27

47.4622 USD

common stock

Sale

25

47.4980 USD

common stock

Sale

22

47.5272 USD

common stock

Sale

5

47.4200 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

10,881

47.3941 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

common stock

Call Options

Purchasing

500

48.0000 USD

American

18 Oct 2024

2.1940 USD

common stock

Call Options

Selling

500

53.0000 USD

American

18 Oct 2024

0.4780 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?

YES

Date of disclosure:

20 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Written

123,800

45.0000

American

20 Sep 2024

3.

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood: