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:

18 Jun 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:

829,658

0.24%

293,504

0.08%

(2)

Cash-settled derivatives:

and/or controlled:

48,060

0.01%

46,190

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

877,718

0.25%

339,694

0.10%

(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

207,118

46.1614 USD

common stock

Purchase

54,818

46.1803 USD

common stock

Purchase

50,955

46.2417 USD

common stock

Purchase

44,682

45.7606 USD

common stock

Purchase

22,341

45.7607 USD

common stock

Purchase

16,283

45.9175 USD

common stock

Purchase

14,665

45.9495 USD

common stock

Purchase

13,638

45.8906 USD

common stock

Purchase

11,077

46.2492 USD

common stock

Purchase

7,668

46.2500 USD

common stock

Purchase

5,028

46.0721 USD

common stock

Purchase

4,151

45.7786 USD

common stock

Purchase

3,855

45.9913 USD

common stock

Purchase

3,855

45.9914 USD

common stock

Purchase

2,398

45.9210 USD

common stock

Purchase

2,216

45.8742 USD

common stock

Purchase

2,139

45.9956 USD

common stock

Purchase

1,800

45.7701 USD

common stock

Purchase

1,373

46.1466 USD

common stock

Purchase

1,262

45.6693 USD

common stock

Purchase

1,120

45.9825 USD

common stock

Purchase

1,079

46.2506 USD

common stock

Purchase

1,005

45.9384 USD

common stock

Purchase

901

46.0805 USD

common stock

Purchase

671

46.2509 USD

common stock

Purchase

590

46.1310 USD

common stock

Purchase

588

42.0357 EUR

common stock

Purchase

514

46.0262 USD

common stock

Purchase

494

46.1987 USD

common stock

Purchase

323

46.2424 USD

common stock

Purchase

300

46.2483 USD

common stock

Purchase

210

46.1202 USD

common stock

Purchase

206

46.0866 USD

common stock

Purchase

166

45.9846 USD

common stock

Purchase

161

46.2600 USD

common stock

Purchase

150

45.8183 USD

common stock

Purchase

104

45.4800 USD

common stock

Purchase

101

45.8200 USD

common stock

Purchase

100

46.1500 USD

common stock

Purchase

84

46.0800 USD

common stock

Purchase

49

45.8150 USD

common stock

Purchase

31

46.2400 USD

common stock

Purchase

10

46.0476 USD

common stock

Sale

101,645

46.2280 USD

common stock

Sale

77,474

46.0484 USD

common stock

Sale

76,317

46.2500 USD

common stock

Sale

65,909

46.1488 USD

common stock

Sale

44,682

45.7606 USD

common stock

Sale

17,211

46.2455 USD

common stock

Sale

14,434

45.7608 USD

common stock

Sale

12,467

45.8671 USD

common stock

Sale

11,077

46.2492 USD

common stock

Sale

11,021

45.9204 USD

common stock

Sale

8,000

45.9185 USD

common stock

Sale

5,751

45.9850 USD

common stock

Sale

5,677

45.9324 USD

common stock

Sale

4,910

46.0766 USD

common stock

Sale

4,400

45.7545 USD

common stock

Sale

4,259

46.0443 USD

common stock

Sale

3,855

45.9913 USD

common stock

Sale

3,303

45.9926 USD

common stock

Sale

2,139

45.9956 USD

common stock

Sale

1,800

45.7701 USD

common stock

Sale

1,702

45.7470 USD

common stock

Sale

1,400

45.9887 USD

common stock

Sale

1,373

46.1466 USD

common stock

Sale

1,324

45.7576 USD

common stock

Sale

1,317

46.0037 USD

common stock

Sale

1,262

45.6693 USD

common stock

Sale

679

46.2511 USD

common stock

Sale

590

46.1310 USD

common stock

Sale

588

42.0357 EUR

common stock

Sale

578

46.1145 USD

common stock

Sale

539

45.9736 USD

common stock

Sale

456

46.1765 USD

common stock

Sale

452

45.7633 USD

common stock

Sale

418

46.2205 USD

common stock

Sale

395

45.9776 USD

common stock

Sale

336

45.7659 USD

common stock

Sale

332

45.7600 USD

common stock

Sale

327

45.9966 USD

common stock

Sale

296

45.7700 USD

common stock

Sale

237

45.4855 USD

common stock

Sale

200

45.5500 USD

common stock

Sale

175

45.7642 USD

common stock

Sale

159

45.8800 USD

common stock

Sale

153

46.1789 USD

common stock

Sale

150

45.8183 USD

common stock

Sale

150

45.8184 USD

common stock

Sale

136

45.7673 USD

common stock

Sale

115

46.2527 USD

common stock

Sale

104

46.0000 USD

common stock

Sale

100

46.2200 USD

common stock

Sale

100

46.2700 USD

common stock

Sale

100

46.0050 USD

common stock

Sale

52

45.4800 USD

common stock

Sale

52

45.3700 USD

common stock

Sale

46

46.2600 USD

common stock

Sale

23

45.6500 USD

common stock

Sale

10

45.4200 USD

common stock

Sale

2

44.9400 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

Call Options

Selling

8,300

USD

TBD

TBD

2.0000 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:

19 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213