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:

26 Sep 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:

891,570

0.26%

447,966

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

357,867

0.10%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,249,437

0.36%

447,966

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

82,068

48.9717 USD

common stock

Purchase

62,889

48.9136 USD

common stock

Purchase

20,760

49.0500 USD

common stock

Purchase

20,203

48.8261 USD

common stock

Purchase

18,932

48.8104 USD

common stock

Purchase

16,056

48.9232 USD

common stock

Purchase

10,497

48.7546 USD

common stock

Purchase

5,762

48.8302 USD

common stock

Purchase

5,539

48.7641 USD

common stock

Purchase

4,298

48.8237 USD

common stock

Purchase

4,065

48.7773 USD

common stock

Purchase

3,967

49.0523 USD

common stock

Purchase

2,392

48.9083 USD

common stock

Purchase

2,087

48.8911 USD

common stock

Purchase

1,585

48.8419 USD

common stock

Purchase

967

48.9786 USD

common stock

Purchase

826

48.8981 USD

common stock

Purchase

732

48.8642 USD

common stock

Purchase

680

48.9800 USD

common stock

Purchase

540

48.9400 USD

common stock

Purchase

425

48.9388 USD

common stock

Purchase

400

48.8025 USD

common stock

Purchase

384

48.8893 USD

common stock

Purchase

375

48.8880 USD

common stock

Purchase

304

49.0812 USD

common stock

Purchase

300

48.8966 USD

common stock

Purchase

272

48.8918 USD

common stock

Purchase

260

48.7876 USD

common stock

Purchase

253

48.9774 USD

common stock

Purchase

238

48.8739 USD

common stock

Purchase

235

48.8600 USD

common stock

Purchase

207

48.9302 USD

common stock

Purchase

158

48.9746 USD

common stock

Purchase

153

48.9942 USD

common stock

Purchase

100

49.0000 USD

common stock

Purchase

11

48.9700 USD

common stock

Purchase

9

48.9250 USD

common stock

Sale

110,413

48.9288 USD

common stock

Sale

33,901

48.8697 USD

common stock

Sale

31,748

48.8927 USD

common stock

Sale

11,278

49.0031 USD

common stock

Sale

10,025

48.7750 USD

common stock

Sale

9,924

49.0500 USD

common stock

Sale

8,639

48.9361 USD

common stock

Sale

8,210

49.0466 USD

common stock

Sale

6,457

48.7472 USD

common stock

Sale

4,400

48.8296 USD

common stock

Sale

4,389

48.7682 USD

common stock

Sale

4,388

48.8792 USD

common stock

Sale

4,290

48.9048 USD

common stock

Sale

3,967

49.0523 USD

common stock

Sale

1,760

48.9496 USD

common stock

Sale

1,300

48.9061 USD

common stock

Sale

1,091

48.8901 USD

common stock

Sale

951

48.9797 USD

common stock

Sale

835

48.8398 USD

common stock

Sale

560

48.9572 USD

common stock

Sale

510

49.0034 USD

common stock

Sale

500

49.0640 USD

common stock

Sale

435

48.5500 USD

common stock

Sale

429

48.8789 USD

common stock

Sale

425

48.9388 USD

common stock

Sale

400

48.8750 USD

common stock

Sale

383

48.8826 USD

common stock

Sale

300

48.9616 USD

common stock

Sale

246

48.9539 USD

common stock

Sale

205

48.8900 USD

common stock

Sale

200

49.0325 USD

common stock

Sale

194

48.8271 USD

common stock

Sale

152

48.8292 USD

common stock

Sale

142

48.8891 USD

common stock

Sale

100

48.9100 USD

common stock

Sale

100

48.8700 USD

common stock

Sale

92

48.8925 USD

common stock

Sale

85

48.8950 USD

common stock

Sale

75

48.5933 USD

common stock

Sale

58

48.8206 USD

common stock

Sale

55

48.7072 USD

common stock

Sale

54

48.9000 USD

common stock

Sale

45

49.0700 USD

common stock

Sale

34

48.8415 USD

common stock

Sale

20

48.6400 USD

common stock

Sale

19

48.9168 USD

common stock

Sale

15

48.9333 USD

common stock

Sale

14

48.7985 USD

common stock

Sale

13

48.8200 USD

common stock

Sale

6

48.9011 USD

common stock

Sale

3

48.9250 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

793

49.0490 USD

common stock

SWAP

Decreasing Long

1,648

49.0525 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:

27 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213