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 Nov 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:

853,015

0.25%

585,131

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

342,276

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,195,291

0.34%

598,791

0.16%

(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

187,500

57.9192 USD

common stock

Purchase

69,684

58.0043 USD

common stock

Purchase

65,557

57.8168 USD

common stock

Purchase

39,650

58.0518 USD

common stock

Purchase

38,318

58.0645 USD

common stock

Purchase

36,540

57.7000 USD

common stock

Purchase

28,276

57.6472 USD

common stock

Purchase

27,803

57.8525 USD

common stock

Purchase

17,475

57.7412 USD

common stock

Purchase

16,474

57.7257 USD

common stock

Purchase

11,775

57.9782 USD

common stock

Purchase

10,649

57.9700 USD

common stock

Purchase

6,462

57.6995 USD

common stock

Purchase

5,920

57.9971 USD

common stock

Purchase

5,769

57.6976 USD

common stock

Purchase

5,246

57.7767 USD

common stock

Purchase

4,541

57.9779 USD

common stock

Purchase

2,887

57.7992 USD

common stock

Purchase

2,271

57.9017 USD

common stock

Purchase

1,770

57.7646 USD

common stock

Purchase

1,513

57.9822 USD

common stock

Purchase

1,489

57.6542 USD

common stock

Purchase

1,450

57.7362 USD

common stock

Purchase

1,253

57.6420 USD

common stock

Purchase

1,218

57.8631 USD

common stock

Purchase

1,201

58.0025 USD

common stock

Purchase

1,036

57.8886 USD

common stock

Purchase

970

57.9154 USD

common stock

Purchase

802

57.7090 USD

common stock

Purchase

671

57.9939 USD

common stock

Purchase

628

57.9049 USD

common stock

Purchase

600

57.9633 USD

common stock

Purchase

540

57.5994 USD

common stock

Purchase

507

57.4478 USD

common stock

Purchase

500

57.7564 USD

common stock

Purchase

467

57.9475 USD

common stock

Purchase

459

57.8352 USD

common stock

Purchase

430

57.9127 USD

common stock

Purchase

424

58.0283 USD

common stock

Purchase

411

57.8053 USD

common stock

Purchase

406

57.9699 USD

common stock

Purchase

377

57.8310 USD

common stock

Purchase

357

58.0486 USD

common stock

Purchase

323

58.1600 USD

common stock

Purchase

321

58.1539 USD

common stock

Purchase

316

57.9888 USD

common stock

Purchase

257

57.7663 USD

common stock

Purchase

154

57.4100 USD

common stock

Purchase

135

57.7199 USD

common stock

Purchase

120

58.1283 USD

common stock

Purchase

110

57.7150 USD

common stock

Purchase

100

58.1803 USD

common stock

Purchase

100

57.5400 USD

common stock

Purchase

100

57.7300 USD

common stock

Purchase

85

58.1000 USD

common stock

Purchase

78

57.4450 USD

common stock

Purchase

78

57.7188 USD

common stock

Purchase

47

57.7100 USD

common stock

Purchase

38

57.6800 USD

common stock

Purchase

24

57.7200 USD

common stock

Sale

375,000

57.9192 USD

common stock

Sale

38,997

57.7000 USD

common stock

Sale

35,310

57.6751 USD

common stock

Sale

27,539

57.7716 USD

common stock

Sale

18,176

57.8938 USD

common stock

Sale

17,574

57.7406 USD

common stock

Sale

15,657

57.6998 USD

common stock

Sale

10,605

57.7804 USD

common stock

Sale

10,326

57.9007 USD

common stock

Sale

7,668

57.8615 USD

common stock

Sale

6,915

57.6776 USD

common stock

Sale

6,866

57.9566 USD

common stock

Sale

6,678

57.7906 USD

common stock

Sale

5,170

57.7400 USD

common stock

Sale

5,010

58.0047 USD

common stock

Sale

3,650

57.5207 USD

common stock

Sale

3,113

57.9091 USD

common stock

Sale

2,214

57.7033 USD

common stock

Sale

2,141

57.7403 USD

common stock

Sale

1,888

57.5634 USD

common stock

Sale

1,244

57.5341 USD

common stock

Sale

1,167

57.7979 USD

common stock

Sale

1,019

57.7763 USD

common stock

Sale

736

57.6929 USD

common stock

Sale

628

57.9049 USD

common stock

Sale

435

57.6747 USD

common stock

Sale

411

57.8053 USD

common stock

Sale

359

57.9513 USD

common stock

Sale

342

57.7560 USD

common stock

Sale

260

57.7665 USD

common stock

Sale

220

57.7150 USD

common stock

Sale

218

57.7391 USD

common stock

Sale

201

57.7300 USD

common stock

Sale

167

57.8477 USD

common stock

Sale

140

57.8821 USD

common stock

Sale

105

57.8876 USD

common stock

Sale

91

57.9300 USD

common stock

Sale

85

58.1000 USD

common stock

Sale

72

57.8720 USD

common stock

Sale

67

57.8071 USD

common stock

Sale

67

58.0370 USD

common stock

Sale

66

58.0400 USD

common stock

Sale

65

57.7576 USD

common stock

Sale

58

57.9977 USD

common stock

Sale

55

57.7054 USD

common stock

Sale

40

58.0150 USD

common stock

Sale

40

57.6375 USD

common stock

Sale

38

57.6800 USD

common stock

Sale

25

57.9880 USD

common stock

Sale

25

57.8480 USD

common stock

Sale

25

57.9940 USD

common stock

Sale

25

58.0200 USD

common stock

Sale

19

57.8900 USD

common stock

Sale

15

57.5913 USD

common stock

Sale

15

57.6600 USD

common stock

Sale

15

57.6966 USD

common stock

Sale

15

57.5100 USD

common stock

Sale

10

57.6450 USD

common stock

Sale

10

57.9975 USD

common stock

Sale

10

57.9900 USD

common stock

Sale

5

57.6700 USD

common stock

Sale

5

58.0000 USD

common stock

Sale

5

57.9700 USD

common stock

Sale

1

58.1600 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

4,401

57.6975 USD

common stock

SWAP

Increasing Long

181

57.6990 USD

common stock

SWAP

Decreasing Long

210

57.7025 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:

19 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213