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:

04 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:

824,411

0.24%

502,214

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

206,495

0.06%

44,055

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,030,906

0.30%

546,269

0.16%

(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

109,225

44.3382 USD

common stock

Purchase

90,787

44.2633 USD

common stock

Purchase

66,239

44.4058 USD

common stock

Purchase

61,947

44.2539 USD

common stock

Purchase

57,087

44.2924 USD

common stock

Purchase

51,483

44.2975 USD

common stock

Purchase

39,732

44.7582 USD

common stock

Purchase

36,270

44.2307 USD

common stock

Purchase

34,853

44.5163 USD

common stock

Purchase

24,855

44.3369 USD

common stock

Purchase

16,582

44.2201 USD

common stock

Purchase

11,876

44.2075 USD

common stock

Purchase

9,745

44.2766 USD

common stock

Purchase

8,266

44.2317 USD

common stock

Purchase

7,398

44.1948 USD

common stock

Purchase

6,569

44.3638 USD

common stock

Purchase

6,201

44.2517 USD

common stock

Purchase

5,564

44.2478 USD

common stock

Purchase

5,352

44.2200 USD

common stock

Purchase

5,018

44.2141 USD

common stock

Purchase

3,407

44.2653 USD

common stock

Purchase

3,400

44.3451 USD

common stock

Purchase

3,101

44.2857 USD

common stock

Purchase

2,579

44.2906 USD

common stock

Purchase

1,700

44.3058 USD

common stock

Purchase

1,628

44.2233 USD

common stock

Purchase

1,285

44.6700 USD

common stock

Purchase

1,100

41.3045 EUR

common stock

Purchase

1,033

44.2693 USD

common stock

Purchase

858

44.3110 USD

common stock

Purchase

676

44.2406 USD

common stock

Purchase

664

44.2628 USD

common stock

Purchase

635

44.2223 USD

common stock

Purchase

602

44.4128 USD

common stock

Purchase

600

44.1400 USD

common stock

Purchase

467

41.1586 EUR

common stock

Purchase

455

44.2084 USD

common stock

Purchase

360

44.2493 USD

common stock

Purchase

357

44.5284 USD

common stock

Purchase

300

44.4400 USD

common stock

Purchase

211

44.3200 USD

common stock

Purchase

211

44.3562 USD

common stock

Purchase

200

44.1800 USD

common stock

Purchase

140

44.2871 USD

common stock

Purchase

100

44.1950 USD

common stock

Purchase

100

44.2450 USD

common stock

Purchase

54

44.8019 USD

common stock

Purchase

53

44.5064 USD

common stock

Purchase

45

44.7100 USD

common stock

Purchase

33

44.2800 USD

common stock

Purchase

10

44.3450 USD

common stock

Purchase

6

44.2000 USD

common stock

Purchase

4

44.6450 USD

common stock

Sale

133,100

44.2725 USD

common stock

Sale

61,247

44.2543 USD

common stock

Sale

45,651

44.2457 USD

common stock

Sale

43,881

44.4110 USD

common stock

Sale

43,477

44.3359 USD

common stock

Sale

37,134

44.4983 USD

common stock

Sale

35,353

44.7624 USD

common stock

Sale

34,853

44.5163 USD

common stock

Sale

29,477

44.2878 USD

common stock

Sale

25,167

44.2956 USD

common stock

Sale

20,833

44.2200 USD

common stock

Sale

16,582

44.2201 USD

common stock

Sale

14,073

44.2972 USD

common stock

Sale

12,040

44.1999 USD

common stock

Sale

11,036

44.3839 USD

common stock

Sale

7,427

44.4896 USD

common stock

Sale

7,158

44.3083 USD

common stock

Sale

5,551

44.2000 USD

common stock

Sale

5,546

44.2432 USD

common stock

Sale

5,018

44.2141 USD

common stock

Sale

4,708

44.2566 USD

common stock

Sale

4,100

44.2175 USD

common stock

Sale

3,421

44.2017 USD

common stock

Sale

3,281

44.2065 USD

common stock

Sale

2,906

44.7169 USD

common stock

Sale

1,864

44.1819 USD

common stock

Sale

1,603

44.1918 USD

common stock

Sale

1,540

44.5795 USD

common stock

Sale

1,415

44.2556 USD

common stock

Sale

1,371

44.1899 USD

common stock

Sale

1,285

44.6700 USD

common stock

Sale

1,231

44.2936 USD

common stock

Sale

1,169

44.1738 USD

common stock

Sale

1,144

44.2199 USD

common stock

Sale

1,100

41.3045 EUR

common stock

Sale

1,001

44.1869 USD

common stock

Sale

775

44.1883 USD

common stock

Sale

773

44.6838 USD

common stock

Sale

752

44.1530 USD

common stock

Sale

642

44.1496 USD

common stock

Sale

635

44.2223 USD

common stock

Sale

600

44.1400 USD

common stock

Sale

600

44.8141 USD

common stock

Sale

467

41.1586 EUR

common stock

Sale

413

44.1706 USD

common stock

Sale

360

44.2493 USD

common stock

Sale

300

44.1333 USD

common stock

Sale

290

44.1933 USD

common stock

Sale

211

44.3200 USD

common stock

Sale

200

44.2500 USD

common stock

Sale

146

44.1863 USD

common stock

Sale

137

44.1796 USD

common stock

Sale

135

44.2159 USD

common stock

Sale

107

44.2300 USD

common stock

Sale

103

44.1700 USD

common stock

Sale

100

44.6800 USD

common stock

Sale

100

44.2150 USD

common stock

Sale

100

44.2900 USD

common stock

Sale

90

44.1900 USD

common stock

Sale

70

44.2617 USD

common stock

Sale

50

44.2020 USD

common stock

Sale

45

44.7100 USD

common stock

Sale

24

44.2100 USD

common stock

Sale

23

44.2800 USD

common stock

Sale

15

44.2266 USD

common stock

Sale

15

44.1916 USD

common stock

Sale

13

44.2400 USD

common stock

Sale

10

44.3450 USD

common stock

Sale

5

44.1800 USD

common stock

Sale

5

44.1550 USD

common stock

Sale

4

44.6900 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?

NO

Date of disclosure:

05 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213