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:

25 Jun 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:

858,833

0.25%

289,145

0.08%

(2)

Cash-settled derivatives:

and/or controlled:

36,045

0.01%

38,180

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

894,878

0.26%

327,325

0.09%

(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

142,031

46.6900 USD

common stock

Purchase

87,654

46.5900 USD

common stock

Purchase

74,589

46.5658 USD

common stock

Purchase

42,425

47.0586 USD

common stock

Purchase

26,978

46.5552 USD

common stock

Purchase

18,253

46.8073 USD

common stock

Purchase

15,922

46.6765 USD

common stock

Purchase

10,953

46.6108 USD

common stock

Purchase

8,273

46.4459 USD

common stock

Purchase

6,386

46.5922 USD

common stock

Purchase

6,078

46.4716 USD

common stock

Purchase

3,560

46.6386 USD

common stock

Purchase

3,283

46.4411 USD

common stock

Purchase

3,031

47.1401 USD

common stock

Purchase

2,711

46.5878 USD

common stock

Purchase

1,449

46.6660 USD

common stock

Purchase

1,412

46.5260 USD

common stock

Purchase

1,411

47.1751 USD

common stock

Purchase

1,173

46.5121 USD

common stock

Purchase

1,136

46.6260 USD

common stock

Purchase

1,112

46.4306 USD

common stock

Purchase

1,100

46.6022 USD

common stock

Purchase

925

46.5184 USD

common stock

Purchase

920

46.8450 USD

common stock

Purchase

802

46.8400 USD

common stock

Purchase

772

46.3904 USD

common stock

Purchase

669

46.6007 USD

common stock

Purchase

601

46.4750 USD

common stock

Purchase

588

46.4698 USD

common stock

Purchase

384

47.1000 USD

common stock

Purchase

320

46.8284 USD

common stock

Purchase

303

46.6360 USD

common stock

Purchase

188

46.6771 USD

common stock

Purchase

146

47.1900 USD

common stock

Purchase

109

46.5725 USD

common stock

Purchase

106

46.4819 USD

common stock

Purchase

99

46.5000 USD

common stock

Purchase

91

46.4900 USD

common stock

Purchase

51

46.5201 USD

common stock

Purchase

29

46.5744 USD

common stock

Purchase

28

46.4600 USD

common stock

Purchase

19

46.5973 USD

common stock

Purchase

5

46.8100 USD

common stock

Purchase

4

46.7500 USD

common stock

Sale

111,864

46.5232 USD

common stock

Sale

83,629

46.5900 USD

common stock

Sale

83,072

46.6256 USD

common stock

Sale

40,844

46.7865 USD

common stock

Sale

32,918

46.9641 USD

common stock

Sale

17,277

46.7803 USD

common stock

Sale

14,343

46.5763 USD

common stock

Sale

9,541

46.9404 USD

common stock

Sale

8,170

46.8226 USD

common stock

Sale

7,868

46.9372 USD

common stock

Sale

6,386

46.5922 USD

common stock

Sale

6,173

46.8763 USD

common stock

Sale

5,700

46.5971 USD

common stock

Sale

5,125

47.1579 USD

common stock

Sale

4,801

47.1049 USD

common stock

Sale

4,400

46.5795 USD

common stock

Sale

1,900

47.0807 USD

common stock

Sale

1,574

46.7216 USD

common stock

Sale

1,536

46.6166 USD

common stock

Sale

1,449

46.6660 USD

common stock

Sale

1,215

47.1757 USD

common stock

Sale

1,100

46.6022 USD

common stock

Sale

854

46.5228 USD

common stock

Sale

800

46.8400 USD

common stock

Sale

772

46.3904 USD

common stock

Sale

700

47.1971 USD

common stock

Sale

619

46.4833 USD

common stock

Sale

460

46.8450 USD

common stock

Sale

418

46.5212 USD

common stock

Sale

400

47.1625 USD

common stock

Sale

320

46.8284 USD

common stock

Sale

300

47.1900 USD

common stock

Sale

291

46.5566 USD

common stock

Sale

247

46.7960 USD

common stock

Sale

200

47.3200 USD

common stock

Sale

120

46.8550 USD

common stock

Sale

103

47.1800 USD

common stock

Sale

100

46.3500 USD

common stock

Sale

100

46.5600 USD

common stock

Sale

100

46.8350 USD

common stock

Sale

100

47.0800 USD

common stock

Sale

100

46.8200 USD

common stock

Sale

100

47.1400 USD

common stock

Sale

73

47.1505 USD

common stock

Sale

31

46.9700 USD

common stock

Sale

9

46.8300 USD

common stock

Sale

5

46.8100 USD

common stock

Sale

4

46.8700 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

common stock

Call Options

Purchasing

5,700

USD

TBD

TBD

0.2500 USD

common stock

Call Options

Purchasing

6,200

USD

TBD

TBD

0.3903 USD

common stock

Call Options

Purchasing

2,700

USD

TBD

TBD

0.3463 USD

(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:

26 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213