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Form 8.3 - International Paper Company

4th Feb 2025 14:44

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:	Qube Research & Technologies Limited
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	International Paper Company
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	03-02-2025
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	Yes - DS Smith plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:	0	0.0	8,661,242	2.49
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	7,100	0.001	7,500	0.002
TOTAL:	7,100	0.001	8,668,742	2.49

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:	0
Details, including nature of the rights concerned and relevant percentages:	0

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit (USD)
Common Stock	Sale	1	54.96
Common Stock	Sale	1	55.08
Common Stock	Sale	1	55.46
Common Stock	Sale	1	55.46
Common Stock	Sale	1	55.46
Common Stock	Sale	1	55.49
Common Stock	Sale	1	55.49
Common Stock	Sale	1	55.49
Common Stock	Sale	1	55.51
Common Stock	Sale	1	55.53
Common Stock	Sale	1	55.54
Common Stock	Sale	1	55.54
Common Stock	Sale	1	55.56
Common Stock	Sale	1	55.58
Common Stock	Sale	1	55.62
Common Stock	Sale	1	55.70
Common Stock	Sale	1	55.73
Common Stock	Sale	1	55.90
Common Stock	Sale	1	55.94
Common Stock	Sale	2	55.50
Common Stock	Sale	2	55.58
Common Stock	Sale	2	55.60
Common Stock	Sale	2	55.61
Common Stock	Sale	3	55.01
Common Stock	Sale	3	55.14
Common Stock	Sale	3	55.55
Common Stock	Sale	3	55.87
Common Stock	Sale	4	54.81
Common Stock	Sale	5	55.66
Common Stock	Sale	6	55.11
Common Stock	Sale	6	55.70
Common Stock	Sale	8	55.86
Common Stock	Sale	9	55.86
Common Stock	Sale	10	54.70
Common Stock	Sale	10	54.97
Common Stock	Sale	10	55.22
Common Stock	Sale	11	55.76
Common Stock	Sale	12	54.87
Common Stock	Sale	12	55.34
Common Stock	Sale	14	54.83
Common Stock	Sale	17	55.69
Common Stock	Sale	20	55.66
Common Stock	Sale	24	55.05
Common Stock	Sale	25	55.76
Common Stock	Sale	27	55.45
Common Stock	Sale	28	55.82
Common Stock	Sale	31	54.78
Common Stock	Sale	31	55.72
Common Stock	Sale	35	54.76
Common Stock	Sale	35	54.95
Common Stock	Sale	35	54.98
Common Stock	Sale	35	55.88
Common Stock	Sale	38	55.32
Common Stock	Sale	40	55.25
Common Stock	Sale	40	55.29
Common Stock	Sale	41	55.10
Common Stock	Sale	41	55.83
Common Stock	Sale	41	55.88
Common Stock	Sale	41	55.90
Common Stock	Sale	41	55.91
Common Stock	Sale	42	55.12
Common Stock	Sale	42	55.18
Common Stock	Sale	42	55.89
Common Stock	Sale	43	55.86
Common Stock	Sale	44	55.27
Common Stock	Sale	44	55.87
Common Stock	Sale	47	55.87
Common Stock	Sale	51	54.76
Common Stock	Sale	56	54.73
Common Stock	Sale	62	54.77
Common Stock	Sale	75	55.91
Common Stock	Sale	77	54.98
Common Stock	Sale	79	54.89
Common Stock	Sale	81	54.84
Common Stock	Sale	88	55.31
Common Stock	Sale	90	55.18
Common Stock	Sale	100	55.08
Common Stock	Sale	100	55.16
Common Stock	Sale	100	55.31
Common Stock	Sale	100	55.34
Common Stock	Sale	100	55.37
Common Stock	Sale	100	55.38
Common Stock	Sale	100	55.41
Common Stock	Sale	100	55.45
Common Stock	Sale	100	55.47
Common Stock	Sale	100	55.48
Common Stock	Sale	100	55.50
Common Stock	Sale	100	55.55
Common Stock	Sale	100	55.56
Common Stock	Sale	100	55.58
Common Stock	Sale	100	55.61
Common Stock	Sale	100	55.62
Common Stock	Sale	100	55.70
Common Stock	Sale	100	55.72
Common Stock	Sale	100	55.73
Common Stock	Sale	100	55.80
Common Stock	Sale	100	55.80
Common Stock	Sale	100	55.88
Common Stock	Sale	105	55.27
Common Stock	Sale	112	55.01
Common Stock	Sale	112	55.83
Common Stock	Sale	113	54.93
Common Stock	Sale	114	55.52
Common Stock	Sale	117	55.22
Common Stock	Sale	117	55.41
Common Stock	Sale	121	55.38
Common Stock	Sale	127	55.90
Common Stock	Sale	133	55.62
Common Stock	Sale	133	55.66
Common Stock	Sale	134	55.48
Common Stock	Sale	134	55.54
Common Stock	Sale	135	55.12
Common Stock	Sale	135	55.59
Common Stock	Sale	145	54.82
Common Stock	Sale	145	54.96
Common Stock	Sale	153	54.87
Common Stock	Sale	155	55.30
Common Stock	Sale	168	55.87
Common Stock	Sale	174	54.94
Common Stock	Sale	180	55.85
Common Stock	Sale	200	54.66
Common Stock	Sale	200	54.86
Common Stock	Sale	200	55.51
Common Stock	Sale	200	55.55
Common Stock	Sale	200	55.65
Common Stock	Sale	200	55.81
Common Stock	Sale	200	55.84
Common Stock	Sale	208	55.21
Common Stock	Sale	213	55.09
Common Stock	Sale	219	54.93
Common Stock	Sale	234	54.78
Common Stock	Sale	245	54.79
Common Stock	Sale	259	55.88
Common Stock	Sale	263	54.81
Common Stock	Sale	263	55.11
Common Stock	Sale	275	55.59
Common Stock	Sale	283	55.00
Common Stock	Sale	290	54.86
Common Stock	Sale	300	54.85
Common Stock	Sale	300	55.70
Common Stock	Sale	322	55.44
Common Stock	Sale	327	54.79
Common Stock	Sale	338	54.93
Common Stock	Sale	340	55.77
Common Stock	Sale	386	55.31
Common Stock	Sale	400	55.77
Common Stock	Sale	435	55.75
Common Stock	Sale	450	54.96
Common Stock	Sale	478	55.76
Common Stock	Sale	479	55.38
Common Stock	Sale	489	55.63
Common Stock	Sale	570	55.10
Common Stock	Sale	600	54.71
Common Stock	Sale	600	54.84
Common Stock	Sale	652	55.93
Common Stock	Sale	686	54.72
Common Stock	Sale	700	54.82
Common Stock	Sale	707	55.92
Common Stock	Sale	752	55.01
Common Stock	Sale	825	54.78
Common Stock	Sale	833	55.35
Common Stock	Sale	848	55.27
Common Stock	Sale	876	55.19
Common Stock	Sale	883	55.30
Common Stock	Sale	900	55.78
Common Stock	Sale	900	55.87
Common Stock	Sale	907	55.23
Common Stock	Sale	974	55.20
Common Stock	Sale	1000	55.28
Common Stock	Sale	1073	55.14
Common Stock	Sale	1100	55.80
Common Stock	Sale	1198	55.26
Common Stock	Sale	1249	55.18
Common Stock	Sale	1298	55.84
Common Stock	Sale	1315	55.02
Common Stock	Sale	1519	54.98
Common Stock	Sale	1527	55.17
Common Stock	Sale	1647	55.24
Common Stock	Sale	1648	55.32
Common Stock	Sale	1679	55.25
Common Stock	Sale	1682	55.11
Common Stock	Sale	1699	55.56
Common Stock	Sale	1759	54.99
Common Stock	Sale	1774	55.16
Common Stock	Sale	1798	55.04
Common Stock	Sale	1846	55.03
Common Stock	Sale	1862	54.95
Common Stock	Sale	1969	54.97
Common Stock	Sale	2053	55.91
Common Stock	Sale	2064	55.87
Common Stock	Sale	2145	55.05
Common Stock	Sale	2194	55.90
Common Stock	Sale	2209	55.82
Common Stock	Sale	2243	55.39
Common Stock	Sale	2267	55.00
Common Stock	Sale	2308	55.37
Common Stock	Sale	2454	55.88
Common Stock	Sale	2462	55.85
Common Stock	Sale	2592	55.09
Common Stock	Sale	2596	55.12
Common Stock	Sale	2649	55.57
Common Stock	Sale	2709	55.15
Common Stock	Sale	2781	55.33
Common Stock	Sale	2876	55.13
Common Stock	Sale	2890	55.40
Common Stock	Sale	2899	55.06
Common Stock	Sale	2971	55.52
Common Stock	Sale	3023	55.34
Common Stock	Sale	3180	55.73
Common Stock	Sale	3197	55.86
Common Stock	Sale	3273	55.89
Common Stock	Sale	3318	55.68
Common Stock	Sale	3355	55.07
Common Stock	Sale	3355	55.71
Common Stock	Sale	3482	55.45
Common Stock	Sale	3515	55.61
Common Stock	Sale	3570	55.64
Common Stock	Sale	3640	55.67
Common Stock	Sale	3665	55.36
Common Stock	Sale	3735	55.47
Common Stock	Sale	3786	55.72
Common Stock	Sale	4025	55.51
Common Stock	Sale	4236	55.65
Common Stock	Sale	4319	55.55
Common Stock	Sale	4579	55.77
Common Stock	Sale	4611	55.08
Common Stock	Sale	4719	55.41
Common Stock	Sale	4742	55.70
Common Stock	Sale	4960	55.46
Common Stock	Sale	5189	55.48
Common Stock	Sale	5204	55.75
Common Stock	Sale	5232	55.80
Common Stock	Sale	5272	55.42
Common Stock	Sale	5352	55.66
Common Stock	Sale	5419	55.62
Common Stock	Sale	5539	55.76
Common Stock	Sale	5649	55.43
Common Stock	Sale	5674	55.53
Common Stock	Sale	5707	55.79
Common Stock	Sale	5969	55.74
Common Stock	Sale	6027	55.50
Common Stock	Sale	6118	55.60
Common Stock	Sale	6145	55.59
Common Stock	Sale	6366	55.81
Common Stock	Sale	6449	55.44
Common Stock	Sale	7033	55.58
Common Stock	Sale	7103	55.69
Common Stock	Sale	7861	55.54
Common Stock	Sale	7885	55.49
Common Stock	Sale	9207	55.78
Common Stock	Sale	9793	55.63
Common Stock	Sale	14174	55.79
Common Stock	Sale	15700	54.57
Common Stock	Sale	206639	55.83
Common Stock	Purchase	5	55.01
Common Stock	Purchase	7	55.36
Common Stock	Purchase	19	55.82
Common Stock	Purchase	21	55.55
Common Stock	Purchase	21	55.87
Common Stock	Purchase	23	55.81
Common Stock	Purchase	24	55.76
Common Stock	Purchase	27	55.60
Common Stock	Purchase	29	55.89
Common Stock	Purchase	30	55.62
Common Stock	Purchase	30	55.67
Common Stock	Purchase	34	55.05
Common Stock	Purchase	34	55.08
Common Stock	Purchase	35	55.22
Common Stock	Purchase	38	55.65
Common Stock	Purchase	41	55.69
Common Stock	Purchase	78	55.53
Common Stock	Purchase	79	55.04
Common Stock	Purchase	79	55.13
Common Stock	Purchase	80	55.24
Common Stock	Purchase	91	55.21
Common Stock	Purchase	92	54.59
Common Stock	Purchase	100	55.52
Common Stock	Purchase	156	55.14
Common Stock	Purchase	178	55.51
Common Stock	Purchase	200	55.41
Common Stock	Purchase	200	55.51
Common Stock	Purchase	202	55.79
Common Stock	Purchase	208	55.44
Common Stock	Purchase	315	54.60
Common Stock	Purchase	603	54.57
Common Stock	Purchase	896	55.07
Common Stock	Purchase	8800	55.83

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. call option

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (USD)

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit (USD)

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	04-02-2025
Contact name:	Janice Falcao
Telephone number:	00442033140679

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

AGREEMENTS TO PURCHASE OR SELL ETC.

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

1. KEY INFORMATION

*Full name of person making disclosure:*	Qube Research & Technologies Limited
*Name of offeror/offeree in relation to whose relevant securities the disclosure relates:*	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

*Class of relevant security*	*Product description* e.g. call option	*Written or purchased*	*Number of securities to which option or derivative relates*	*Exercise price per unit*	*Type* e.g. American, European etc.	*Expiry date*
Common Stock	Call Option IP US 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26
Common Stock	Call Option IP US 09/19/25 C47.5 Equity	Purchase	100	USD 47.5	American	09/19/25
Common Stock	Call Option IP US 06/20/25 C45 Equity	Purchase	100	USD 45	American	06/20/25
Common Stock	Call Option IP US 10/17/25 C50 Equity	Purchase	100	USD 50	American	10/17/25
Common Stock	Call Option IP US 06/20/25 C47.5 Equity	Purchase	100	USD 47.5	American	06/20/25
Common Stock	Put Option IP US 02/21/25 P52.5 Equity	Written	200	USD 52.5	American	02/21/25

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:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk

View source version on businesswire.com: https://www.businesswire.com/news/home/20250204938102/en/

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