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:

29 Jul 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:

821,307

0.24%

475,059

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

135,562

0.04%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

24,700

0.01%

TOTAL:

956,869

0.28%

499,759

0.14%

(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

88,719

46.6445 USD

common stock

Purchase

61,970

46.5968 USD

common stock

Purchase

54,321

46.6985 USD

common stock

Purchase

33,369

46.6136 USD

common stock

Purchase

31,952

46.6133 USD

common stock

Purchase

29,576

46.6232 USD

common stock

Purchase

11,891

46.6400 USD

common stock

Purchase

11,128

46.5752 USD

common stock

Purchase

10,890

46.6294 USD

common stock

Purchase

8,787

46.6504 USD

common stock

Purchase

3,934

46.5721 USD

common stock

Purchase

2,799

46.7061 USD

common stock

Purchase

2,378

46.5924 USD

common stock

Purchase

2,049

46.6276 USD

common stock

Purchase

1,362

46.6897 USD

common stock

Purchase

1,297

46.6765 USD

common stock

Purchase

1,241

46.6263 USD

common stock

Purchase

810

46.6914 USD

common stock

Purchase

774

46.6182 USD

common stock

Purchase

614

46.6559 USD

common stock

Purchase

585

46.6077 USD

common stock

Purchase

488

46.8069 USD

common stock

Purchase

300

46.8300 USD

common stock

Purchase

220

46.4653 USD

common stock

Purchase

213

46.4549 USD

common stock

Purchase

205

46.5082 USD

common stock

Purchase

187

46.4840 USD

common stock

Purchase

139

46.4900 USD

common stock

Purchase

107

46.6322 USD

common stock

Purchase

100

46.6300 USD

common stock

Purchase

100

46.5000 USD

common stock

Purchase

55

46.5218 USD

common stock

Purchase

34

46.6388 USD

common stock

Purchase

21

46.4423 USD

common stock

Purchase

12

46.7250 USD

common stock

Purchase

4

46.8800 USD

common stock

Purchase

3

43.1000 EUR

common stock

Sale

139,833

46.6402 USD

common stock

Sale

32,326

46.6703 USD

common stock

Sale

31,146

46.5683 USD

common stock

Sale

23,896

46.6400 USD

common stock

Sale

18,420

46.6264 USD

common stock

Sale

17,708

46.6300 USD

common stock

Sale

13,527

46.6023 USD

common stock

Sale

12,368

46.6126 USD

common stock

Sale

12,009

46.7372 USD

common stock

Sale

9,095

46.6551 USD

common stock

Sale

6,876

46.6771 USD

common stock

Sale

6,421

46.5842 USD

common stock

Sale

6,108

46.6011 USD

common stock

Sale

4,159

46.6055 USD

common stock

Sale

3,836

46.4551 USD

common stock

Sale

2,908

46.5646 USD

common stock

Sale

2,712

46.7153 USD

common stock

Sale

2,694

46.6982 USD

common stock

Sale

2,369

46.6236 USD

common stock

Sale

2,286

46.5631 USD

common stock

Sale

2,212

46.7585 USD

common stock

Sale

2,181

46.8095 USD

common stock

Sale

1,850

46.5875 USD

common stock

Sale

1,525

46.5591 USD

common stock

Sale

1,327

46.6213 USD

common stock

Sale

1,274

46.6279 USD

common stock

Sale

1,241

46.6263 USD

common stock

Sale

1,228

46.6559 USD

common stock

Sale

1,190

46.7687 USD

common stock

Sale

1,001

46.5628 USD

common stock

Sale

940

46.5370 USD

common stock

Sale

903

46.5576 USD

common stock

Sale

806

46.5838 USD

common stock

Sale

585

46.6077 USD

common stock

Sale

536

46.6423 USD

common stock

Sale

300

46.8300 USD

common stock

Sale

300

46.6712 USD

common stock

Sale

240

46.5658 USD

common stock

Sale

212

46.5684 USD

common stock

Sale

200

46.5850 USD

common stock

Sale

200

46.6600 USD

common stock

Sale

192

46.7600 USD

common stock

Sale

154

46.7348 USD

common stock

Sale

148

46.5207 USD

common stock

Sale

140

46.4900 USD

common stock

Sale

107

46.6322 USD

common stock

Sale

105

46.6509 USD

common stock

Sale

100

46.7400 USD

common stock

Sale

100

46.8409 USD

common stock

Sale

100

46.5300 USD

common stock

Sale

79

46.6203 USD

common stock

Sale

68

46.6388 USD

common stock

Sale

39

46.3447 USD

common stock

Sale

35

46.8663 USD

common stock

Sale

20

46.3600 USD

common stock

Sale

3

43.1000 EUR

(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?

YES

Date of disclosure:

30 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

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

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Purchased

-24,700

43.0000

American

16 Aug 2024

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: