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 CO

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:

26 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:

821,035

0.24%

475,097

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:

956,597

0.28%

499,797

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

151,085

46.8664 USD

common stock

Purchase

86,921

46.7469 USD

common stock

Purchase

66,544

46.7464 USD

common stock

Purchase

56,400

46.8495 USD

common stock

Purchase

44,394

46.7494 USD

common stock

Purchase

40,126

46.7490 USD

common stock

Purchase

24,792

46.7977 USD

common stock

Purchase

15,030

46.7507 USD

common stock

Purchase

14,000

47.0385 USD

common stock

Purchase

12,647

46.8173 USD

common stock

Purchase

10,749

46.7567 USD

common stock

Purchase

7,758

46.9074 USD

common stock

Purchase

6,468

46.7800 USD

common stock

Purchase

6,019

46.7872 USD

common stock

Purchase

5,655

46.7361 USD

common stock

Purchase

5,442

46.7227 USD

common stock

Purchase

4,404

46.8524 USD

common stock

Purchase

4,159

46.8117 USD

common stock

Purchase

3,390

46.9098 USD

common stock

Purchase

2,975

46.9198 USD

common stock

Purchase

2,961

46.9215 USD

common stock

Purchase

2,761

46.9210 USD

common stock

Purchase

1,862

46.9200 USD

common stock

Purchase

1,652

46.8832 USD

common stock

Purchase

1,541

46.6904 USD

common stock

Purchase

1,530

46.9566 USD

common stock

Purchase

1,001

46.6989 USD

common stock

Purchase

907

46.9105 USD

common stock

Purchase

800

47.0400 USD

common stock

Purchase

739

46.7601 USD

common stock

Purchase

700

46.7028 USD

common stock

Purchase

498

46.8337 USD

common stock

Purchase

466

46.6800 USD

common stock

Purchase

405

46.7385 USD

common stock

Purchase

119

46.8517 USD

common stock

Purchase

100

46.9300 USD

common stock

Purchase

100

46.8500 USD

common stock

Purchase

100

46.6000 USD

common stock

Purchase

100

46.9350 USD

common stock

Purchase

88

47.0500 USD

common stock

Purchase

59

46.7300 USD

common stock

Purchase

50

47.0704 USD

common stock

Purchase

36

46.7317 USD

common stock

Purchase

12

46.8125 USD

common stock

Sale

105,557

46.9003 USD

common stock

Sale

72,254

46.8089 USD

common stock

Sale

65,402

46.7385 USD

common stock

Sale

52,986

46.7477 USD

common stock

Sale

43,563

46.7558 USD

common stock

Sale

40,126

46.7490 USD

common stock

Sale

35,592

46.9500 USD

common stock

Sale

31,263

46.8091 USD

common stock

Sale

23,713

46.8117 USD

common stock

Sale

16,379

46.7998 USD

common stock

Sale

16,115

46.7915 USD

common stock

Sale

15,185

46.7716 USD

common stock

Sale

15,017

46.8708 USD

common stock

Sale

14,947

46.7250 USD

common stock

Sale

14,000

47.0385 USD

common stock

Sale

12,555

46.8163 USD

common stock

Sale

12,451

46.7504 USD

common stock

Sale

11,000

46.7832 USD

common stock

Sale

9,859

46.7293 USD

common stock

Sale

9,745

46.7437 USD

common stock

Sale

8,431

46.7878 USD

common stock

Sale

7,400

46.6612 USD

common stock

Sale

7,229

46.7920 USD

common stock

Sale

6,961

46.7682 USD

common stock

Sale

5,877

46.8063 USD

common stock

Sale

5,773

46.8068 USD

common stock

Sale

5,007

46.8123 USD

common stock

Sale

4,690

46.9200 USD

common stock

Sale

4,685

46.9002 USD

common stock

Sale

3,982

46.6972 USD

common stock

Sale

3,868

46.8403 USD

common stock

Sale

3,496

46.7414 USD

common stock

Sale

3,369

46.8907 USD

common stock

Sale

3,302

46.7541 USD

common stock

Sale

3,075

46.9188 USD

common stock

Sale

2,961

46.9215 USD

common stock

Sale

2,800

46.9352 USD

common stock

Sale

2,794

46.7605 USD

common stock

Sale

2,719

46.8954 USD

common stock

Sale

1,700

46.7211 USD

common stock

Sale

1,600

46.7006 USD

common stock

Sale

1,539

46.9566 USD

common stock

Sale

1,229

46.8178 USD

common stock

Sale

1,000

46.7500 USD

common stock

Sale

907

46.9105 USD

common stock

Sale

900

46.7155 USD

common stock

Sale

800

47.0400 USD

common stock

Sale

750

46.7333 USD

common stock

Sale

700

46.7028 USD

common stock

Sale

700

46.7114 USD

common stock

Sale

600

46.8500 USD

common stock

Sale

580

46.6970 USD

common stock

Sale

502

46.8365 USD

common stock

Sale

500

46.5060 USD

common stock

Sale

400

46.7550 USD

common stock

Sale

400

46.4950 USD

common stock

Sale

400

46.9050 USD

common stock

Sale

394

47.0570 USD

common stock

Sale

376

46.8914 USD

common stock

Sale

337

46.6039 USD

common stock

Sale

300

46.9183 USD

common stock

Sale

300

46.6748 USD

common stock

Sale

258

46.5900 USD

common stock

Sale

201

46.6002 USD

common stock

Sale

200

46.6750 USD

common stock

Sale

170

46.8100 USD

common stock

Sale

160

46.8418 USD

common stock

Sale

147

46.7141 USD

common stock

Sale

100

46.9100 USD

common stock

Sale

100

47.0200 USD

common stock

Sale

50

47.0704 USD

common stock

Sale

45

46.7922 USD

common stock

Sale

20

46.6250 USD

common stock

Sale

10

46.8950 USD

common stock

Sale

9

46.6000 USD

common stock

Sale

9

46.9444 USD

common stock

Sale

8

46.9400 USD

common stock

Sale

6

46.6450 USD

common stock

Sale

5

46.7800 USD

common stock

Sale

5

46.4600 USD

common stock

Sale

3

46.6200 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

29,700

46.6866 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:

29 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: