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:

14 May 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:

651,155

0.19%

754,379

0.22%

(2)

Cash-settled derivatives:

and/or controlled:

304,410

0.09%

44,055

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

955,565

0.28%

798,434

0.23%

(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

192,488

39.6454 USD

common stock

Purchase

70,570

39.8326 USD

common stock

Purchase

44,823

39.5461 USD

common stock

Purchase

28,807

39.8440 USD

common stock

Purchase

26,045

39.8500 USD

common stock

Purchase

25,435

39.8420 USD

common stock

Purchase

24,733

39.5734 USD

common stock

Purchase

16,847

39.5970 USD

common stock

Purchase

16,336

39.5346 USD

common stock

Purchase

13,393

39.4544 USD

common stock

Purchase

12,817

39.4637 USD

common stock

Purchase

6,600

39.5483 USD

common stock

Purchase

4,172

39.5253 USD

common stock

Purchase

3,238

39.6597 USD

common stock

Purchase

2,019

39.7024 USD

common stock

Purchase

1,990

39.5901 USD

common stock

Purchase

1,842

39.4410 USD

common stock

Purchase

1,750

39.7401 USD

common stock

Purchase

1,532

39.6211 USD

common stock

Purchase

1,350

39.5047 USD

common stock

Purchase

939

39.8412 USD

common stock

Purchase

600

39.3983 USD

common stock

Purchase

585

39.6505 USD

common stock

Purchase

500

39.5310 USD

common stock

Purchase

484

39.4255 USD

common stock

Purchase

458

39.5588 USD

common stock

Purchase

354

39.3978 USD

common stock

Purchase

300

39.5033 USD

common stock

Purchase

287

39.7145 USD

common stock

Purchase

200

39.4513 USD

common stock

Purchase

175

39.3708 USD

common stock

Purchase

167

39.4000 USD

common stock

Purchase

130

39.7634 USD

common stock

Purchase

125

39.3594 USD

common stock

Purchase

121

39.6723 USD

common stock

Purchase

110

39.8059 USD

common stock

Purchase

102

39.7000 USD

common stock

Purchase

100

39.6800 USD

common stock

Purchase

30

39.4800 USD

common stock

Purchase

5

39.7100 USD

common stock

Purchase

2

39.3500 USD

common stock

Purchase

2

39.7350 USD

common stock

Sale

100,369

39.7376 USD

common stock

Sale

81,163

39.7800 USD

common stock

Sale

49,655

39.6448 USD

common stock

Sale

44,823

39.5461 USD

common stock

Sale

27,992

39.8427 USD

common stock

Sale

22,945

39.8500 USD

common stock

Sale

21,726

39.5772 USD

common stock

Sale

17,588

39.6498 USD

common stock

Sale

15,483

39.6117 USD

common stock

Sale

11,944

39.5341 USD

common stock

Sale

9,482

39.4998 USD

common stock

Sale

8,867

39.6056 USD

common stock

Sale

7,830

39.5620 USD

common stock

Sale

7,115

39.5613 USD

common stock

Sale

6,279

39.8504 USD

common stock

Sale

5,319

39.5255 USD

common stock

Sale

2,968

39.3919 USD

common stock

Sale

2,702

39.5969 USD

common stock

Sale

2,217

39.6484 USD

common stock

Sale

1,820

39.5352 USD

common stock

Sale

1,443

39.6159 USD

common stock

Sale

1,280

39.5913 USD

common stock

Sale

1,166

39.5588 USD

common stock

Sale

1,003

39.6222 USD

common stock

Sale

974

39.4396 USD

common stock

Sale

939

39.8412 USD

common stock

Sale

859

39.6525 USD

common stock

Sale

601

39.4903 USD

common stock

Sale

536

39.5130 USD

common stock

Sale

484

39.4255 USD

common stock

Sale

459

39.6223 USD

common stock

Sale

400

39.5600 USD

common stock

Sale

400

39.4575 USD

common stock

Sale

300

39.5033 USD

common stock

Sale

287

39.7145 USD

common stock

Sale

281

39.8129 USD

common stock

Sale

243

39.8850 USD

common stock

Sale

221

39.8676 USD

common stock

Sale

200

39.4000 USD

common stock

Sale

133

39.4890 USD

common stock

Sale

102

39.8771 USD

common stock

Sale

100

39.4150 USD

common stock

Sale

89

39.7065 USD

common stock

Sale

30

39.4800 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

(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:

15 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213