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:

07 Aug 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:

801,537

0.23%

487,160

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

168,662

0.05%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

24,700

0.01%

TOTAL:

970,199

0.28%

511,860

0.15%

(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

130,092

44.7103 USD

common stock

Purchase

50,658

44.7358 USD

common stock

Purchase

49,681

44.6474 USD

common stock

Purchase

40,763

44.7459 USD

common stock

Purchase

36,640

44.5450 USD

common stock

Purchase

22,630

44.6400 USD

common stock

Purchase

13,222

44.9072 USD

common stock

Purchase

12,314

44.3169 USD

common stock

Purchase

11,302

44.2800 USD

common stock

Purchase

9,077

44.2809 USD

common stock

Purchase

8,837

44.6631 USD

common stock

Purchase

8,790

44.9485 USD

common stock

Purchase

8,660

44.6295 USD

common stock

Purchase

2,826

44.4142 USD

common stock

Purchase

2,645

45.1110 USD

common stock

Purchase

2,200

44.3800 USD

common stock

Purchase

2,171

44.5622 USD

common stock

Purchase

1,920

44.7948 USD

common stock

Purchase

1,454

44.8982 USD

common stock

Purchase

1,100

44.8836 USD

common stock

Purchase

1,010

45.0375 USD

common stock

Purchase

868

44.5314 USD

common stock

Purchase

691

44.5368 USD

common stock

Purchase

578

44.3810 USD

common stock

Purchase

418

44.9584 USD

common stock

Purchase

370

45.1619 USD

common stock

Purchase

354

44.5962 USD

common stock

Purchase

331

44.9800 USD

common stock

Purchase

154

44.9809 USD

common stock

Purchase

120

44.5425 USD

common stock

Purchase

114

44.3293 USD

common stock

Purchase

100

44.2600 USD

common stock

Purchase

96

44.3586 USD

common stock

Purchase

83

44.5928 USD

common stock

Purchase

81

44.9827 USD

common stock

Purchase

35

44.5485 USD

common stock

Purchase

30

44.4200 USD

common stock

Purchase

27

45.0185 USD

common stock

Purchase

26

44.9976 USD

common stock

Purchase

15

44.9900 USD

common stock

Purchase

2

44.3600 USD

common stock

Sale

72,058

44.5863 USD

common stock

Sale

59,006

44.7695 USD

common stock

Sale

46,413

44.5904 USD

common stock

Sale

31,532

44.6923 USD

common stock

Sale

29,405

44.8096 USD

common stock

Sale

17,736

44.6009 USD

common stock

Sale

15,059

44.6781 USD

common stock

Sale

13,652

44.2800 USD

common stock

Sale

13,222

44.9072 USD

common stock

Sale

12,307

44.7926 USD

common stock

Sale

11,207

44.2991 USD

common stock

Sale

11,081

44.5235 USD

common stock

Sale

9,100

44.5842 USD

common stock

Sale

9,077

44.2809 USD

common stock

Sale

8,369

44.6197 USD

common stock

Sale

7,372

44.2808 USD

common stock

Sale

6,535

45.0163 USD

common stock

Sale

4,860

44.6865 USD

common stock

Sale

4,513

44.5623 USD

common stock

Sale

4,481

44.9491 USD

common stock

Sale

4,236

44.6011 USD

common stock

Sale

3,937

44.9953 USD

common stock

Sale

3,812

44.9887 USD

common stock

Sale

2,323

44.9372 USD

common stock

Sale

2,200

44.3800 USD

common stock

Sale

1,605

44.5122 USD

common stock

Sale

1,500

44.2783 USD

common stock

Sale

1,411

44.4013 USD

common stock

Sale

900

44.7888 USD

common stock

Sale

743

44.9800 USD

common stock

Sale

728

44.9732 USD

common stock

Sale

700

44.5297 USD

common stock

Sale

700

45.2057 USD

common stock

Sale

678

44.7104 USD

common stock

Sale

644

45.0722 USD

common stock

Sale

600

45.1066 USD

common stock

Sale

600

45.1233 USD

common stock

Sale

600

44.8683 USD

common stock

Sale

578

44.3810 USD

common stock

Sale

481

44.9651 USD

common stock

Sale

471

45.0272 USD

common stock

Sale

418

44.9584 USD

common stock

Sale

402

44.5176 USD

common stock

Sale

400

44.6825 USD

common stock

Sale

370

45.1619 USD

common stock

Sale

200

44.6850 USD

common stock

Sale

200

45.1600 USD

common stock

Sale

100

44.2700 USD

common stock

Sale

100

44.2900 USD

common stock

Sale

59

44.4288 USD

common stock

Sale

30

44.4200 USD

common stock

Sale

15

44.9600 USD

common stock

Sale

15

44.9900 USD

common stock

Sale

6

44.7500 USD

common stock

Sale

5

44.5400 USD

common stock

Sale

5

45.2500 USD

common stock

Sale

1

45.1400 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

(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:

08 Aug 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: