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:

03 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:

828,551

0.24%

485,625

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

367,390

0.11%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

123,800

0.04%

0

0.00%

TOTAL:

1,319,741

0.38%

485,625

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

62,305

47.8252 USD

common stock

Purchase

38,643

47.7700 USD

common stock

Purchase

31,222

48.0355 USD

common stock

Purchase

20,382

47.8135 USD

common stock

Purchase

17,399

47.8277 USD

common stock

Purchase

12,895

47.9795 USD

common stock

Purchase

11,113

47.9900 USD

common stock

Purchase

8,300

48.0442 USD

common stock

Purchase

7,714

47.9484 USD

common stock

Purchase

4,635

47.8889 USD

common stock

Purchase

4,368

47.9082 USD

common stock

Purchase

4,148

48.1165 USD

common stock

Purchase

3,852

47.7400 USD

common stock

Purchase

2,876

48.1164 USD

common stock

Purchase

2,692

47.7712 USD

common stock

Purchase

1,997

48.0421 USD

common stock

Purchase

1,509

48.0809 USD

common stock

Purchase

1,349

48.0239 USD

common stock

Purchase

839

48.1583 USD

common stock

Purchase

788

48.0251 USD

common stock

Purchase

649

48.0931 USD

common stock

Purchase

600

47.9075 USD

common stock

Purchase

557

48.0884 USD

common stock

Purchase

452

47.7655 USD

common stock

Purchase

400

47.9000 USD

common stock

Purchase

400

47.7587 USD

common stock

Purchase

219

47.8991 USD

common stock

Purchase

148

47.9138 USD

common stock

Purchase

118

48.1483 USD

common stock

Purchase

100

47.8850 USD

common stock

Purchase

100

48.0950 USD

common stock

Purchase

100

48.0400 USD

common stock

Purchase

100

47.9100 USD

common stock

Purchase

100

48.0900 USD

common stock

Purchase

100

48.1000 USD

common stock

Purchase

100

47.7450 USD

common stock

Purchase

100

47.9150 USD

common stock

Purchase

92

47.9376 USD

common stock

Purchase

81

47.8000 USD

common stock

Purchase

42

48.0800 USD

common stock

Purchase

40

48.1650 USD

common stock

Purchase

3

48.1200 USD

common stock

Sale

103,418

47.8946 USD

common stock

Sale

20,083

48.0900 USD

common stock

Sale

19,217

47.7700 USD

common stock

Sale

15,904

47.7964 USD

common stock

Sale

11,263

47.7820 USD

common stock

Sale

10,289

47.7702 USD

common stock

Sale

7,885

47.9512 USD

common stock

Sale

6,835

47.9599 USD

common stock

Sale

6,679

47.9649 USD

common stock

Sale

5,493

47.8409 USD

common stock

Sale

5,110

48.0254 USD

common stock

Sale

4,200

48.0190 USD

common stock

Sale

3,700

47.7400 USD

common stock

Sale

3,468

47.8762 USD

common stock

Sale

2,692

47.7712 USD

common stock

Sale

1,808

48.0002 USD

common stock

Sale

1,546

47.7906 USD

common stock

Sale

1,329

47.9300 USD

common stock

Sale

700

48.1750 USD

common stock

Sale

452

47.7655 USD

common stock

Sale

295

48.1426 USD

common stock

Sale

252

47.9400 USD

common stock

Sale

250

47.9243 USD

common stock

Sale

242

48.0849 USD

common stock

Sale

200

48.1550 USD

common stock

Sale

200

47.9275 USD

common stock

Sale

200

47.9200 USD

common stock

Sale

159

48.0045 USD

common stock

Sale

118

48.1483 USD

common stock

Sale

115

47.9950 USD

common stock

Sale

111

47.8594 USD

common stock

Sale

100

47.8950 USD

common stock

Sale

100

48.1700 USD

common stock

Sale

100

48.1000 USD

common stock

Sale

100

47.9150 USD

common stock

Sale

100

48.1600 USD

common stock

Sale

100

48.1300 USD

common stock

Sale

31

48.1100 USD

common stock

Sale

20

48.2100 USD

common stock

Sale

20

48.1650 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

181

47.7675 USD

common stock

SWAP

Decreasing Long

3,319

47.7725 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?

YES

Date of disclosure:

04 Sep 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

Written

123,800

45.0000

American

20 Sep 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: