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:

21 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:

858,486

0.25%

290,607

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:

894,531

0.26%

328,787

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

172,465

46.0861 USD

common stock

Purchase

78,707

46.0800 USD

common stock

Purchase

53,509

46.1182 USD

common stock

Purchase

41,976

46.2464 USD

common stock

Purchase

40,526

46.0623 USD

common stock

Purchase

39,677

46.0874 USD

common stock

Purchase

36,530

46.0536 USD

common stock

Purchase

32,172

46.0907 USD

common stock

Purchase

30,313

46.0584 USD

common stock

Purchase

30,193

46.0703 USD

common stock

Purchase

20,553

46.0796 USD

common stock

Purchase

20,553

46.2500 USD

common stock

Purchase

18,320

46.1985 USD

common stock

Purchase

11,678

46.1724 USD

common stock

Purchase

9,796

46.0337 USD

common stock

Purchase

8,610

46.0261 USD

common stock

Purchase

8,034

46.1415 USD

common stock

Purchase

6,800

45.9355 USD

common stock

Purchase

6,512

46.0775 USD

common stock

Purchase

6,386

46.2491 USD

common stock

Purchase

6,178

45.8000 USD

common stock

Purchase

6,026

45.9808 USD

common stock

Purchase

3,557

46.2210 USD

common stock

Purchase

3,273

46.0488 USD

common stock

Purchase

2,985

46.0092 USD

common stock

Purchase

2,924

45.9666 USD

common stock

Purchase

2,900

45.9849 USD

common stock

Purchase

2,600

45.9330 USD

common stock

Purchase

2,205

45.9623 USD

common stock

Purchase

2,135

46.0461 USD

common stock

Purchase

2,000

46.4000 USD

common stock

Purchase

1,963

45.7809 USD

common stock

Purchase

1,876

45.9930 USD

common stock

Purchase

1,769

46.0795 USD

common stock

Purchase

1,721

45.9424 USD

common stock

Purchase

1,700

45.6900 USD

common stock

Purchase

1,300

45.9526 USD

common stock

Purchase

1,284

46.1304 USD

common stock

Purchase

1,250

45.9280 USD

common stock

Purchase

1,000

46.0472 USD

common stock

Purchase

1,000

45.8300 USD

common stock

Purchase

984

45.7939 USD

common stock

Purchase

912

45.7611 USD

common stock

Purchase

901

45.7976 USD

common stock

Purchase

853

46.1453 USD

common stock

Purchase

750

45.9256 USD

common stock

Purchase

700

45.9985 USD

common stock

Purchase

670

46.0097 USD

common stock

Purchase

657

45.8343 USD

common stock

Purchase

600

45.9883 USD

common stock

Purchase

467

46.1382 USD

common stock

Purchase

300

45.9300 USD

common stock

Purchase

240

45.9962 USD

common stock

Purchase

229

45.7596 USD

common stock

Purchase

205

45.7736 USD

common stock

Purchase

179

46.1988 USD

common stock

Purchase

161

46.0713 USD

common stock

Purchase

154

46.0527 USD

common stock

Purchase

131

45.7970 USD

common stock

Purchase

105

46.0600 USD

common stock

Purchase

102

46.0252 USD

common stock

Purchase

100

45.9800 USD

common stock

Purchase

100

45.8800 USD

common stock

Purchase

80

45.8050 USD

common stock

Purchase

78

46.0700 USD

common stock

Purchase

63

45.8961 USD

common stock

Purchase

40

45.7400 USD

common stock

Purchase

30

46.1943 USD

common stock

Purchase

30

46.1483 USD

common stock

Purchase

10

45.9700 USD

common stock

Purchase

10

45.7800 USD

common stock

Purchase

6

45.8400 USD

common stock

Purchase

4

46.2400 USD

common stock

Purchase

2

45.7550 USD

common stock

Sale

161,297

46.0671 USD

common stock

Sale

78,876

46.0800 USD

common stock

Sale

75,965

46.0701 USD

common stock

Sale

44,462

46.1155 USD

common stock

Sale

38,936

46.1279 USD

common stock

Sale

33,412

46.0798 USD

common stock

Sale

30,391

46.1162 USD

common stock

Sale

27,394

46.1050 USD

common stock

Sale

23,791

46.1557 USD

common stock

Sale

22,666

45.9829 USD

common stock

Sale

20,988

46.2464 USD

common stock

Sale

19,512

45.9828 USD

common stock

Sale

12,356

45.8000 USD

common stock

Sale

10,643

46.1271 USD

common stock

Sale

6,512

46.0775 USD

common stock

Sale

6,386

46.2491 USD

common stock

Sale

5,681

46.2552 USD

common stock

Sale

4,309

45.8895 USD

common stock

Sale

3,942

46.1087 USD

common stock

Sale

3,538

46.0795 USD

common stock

Sale

3,442

46.2271 USD

common stock

Sale

3,102

46.0003 USD

common stock

Sale

2,825

45.9587 USD

common stock

Sale

2,637

45.8151 USD

common stock

Sale

2,583

46.0244 USD

common stock

Sale

2,565

46.0308 USD

common stock

Sale

2,135

46.0461 USD

common stock

Sale

2,000

46.4000 USD

common stock

Sale

1,700

45.6900 USD

common stock

Sale

1,494

45.9902 USD

common stock

Sale

1,315

46.0406 USD

common stock

Sale

1,200

46.1100 USD

common stock

Sale

1,125

46.0231 USD

common stock

Sale

1,100

46.1586 USD

common stock

Sale

1,018

45.9629 USD

common stock

Sale

1,000

46.0472 USD

common stock

Sale

975

46.0485 USD

common stock

Sale

971

45.9891 USD

common stock

Sale

924

45.9154 USD

common stock

Sale

569

46.2198 USD

common stock

Sale

503

46.1812 USD

common stock

Sale

400

46.1650 USD

common stock

Sale

400

46.1075 USD

common stock

Sale

384

45.9757 USD

common stock

Sale

300

46.2233 USD

common stock

Sale

208

46.0254 USD

common stock

Sale

200

45.9400 USD

common stock

Sale

200

46.2700 USD

common stock

Sale

195

46.1539 USD

common stock

Sale

154

46.0527 USD

common stock

Sale

120

45.9962 USD

common stock

Sale

120

46.0383 USD

common stock

Sale

115

46.0400 USD

common stock

Sale

100

46.1000 USD

common stock

Sale

99

46.1914 USD

common stock

Sale

80

45.7400 USD

common stock

Sale

80

45.8050 USD

common stock

Sale

69

46.1700 USD

common stock

Sale

59

46.0516 USD

common stock

Sale

21

46.1723 USD

common stock

Sale

20

45.9300 USD

common stock

Sale

17

45.9600 USD

common stock

Sale

10

45.9800 USD

common stock

Sale

1

46.4100 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

4,000

USD

TBD

TBD

0.4500 USD

common stock

Call Options

Purchasing

3,200

USD

TBD

TBD

0.3500 USD

common stock

Call Options

Purchasing

1,800

USD

TBD

TBD

0.2000 USD

common stock

Call Options

Purchasing

7,800

USD

TBD

TBD

0.3955 USD

common stock

Call Options

Purchasing

4,700

USD

TBD

TBD

0.4000 USD

common stock

Call Options

Purchasing

5,700

USD

TBD

TBD

0.2895 USD

common stock

Call Options

Purchasing

7,800

USD

TBD

TBD

0.3000 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:

24 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213