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:

31 May 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:

788,015

0.23%

547,112

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

286,010

0.08%

44,055

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,074,025

0.31%

591,167

0.17%

(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

136,321

44.9595 USD

common stock

Purchase

129,511

45.0900 USD

common stock

Purchase

84,007

45.0296 USD

common stock

Purchase

67,544

44.4832 USD

common stock

Purchase

63,417

44.5286 USD

common stock

Purchase

31,155

44.5163 USD

common stock

Purchase

28,835

44.4735 USD

common stock

Purchase

25,000

44.4956 USD

common stock

Purchase

21,922

44.5531 USD

common stock

Purchase

20,809

44.5280 USD

common stock

Purchase

20,006

44.4200 USD

common stock

Purchase

18,940

44.5030 USD

common stock

Purchase

15,894

44.3765 USD

common stock

Purchase

14,417

44.6334 USD

common stock

Purchase

8,225

44.5128 USD

common stock

Purchase

7,371

44.4101 USD

common stock

Purchase

6,358

44.4769 USD

common stock

Purchase

5,608

44.4775 USD

common stock

Purchase

3,662

44.3776 USD

common stock

Purchase

3,260

45.0035 USD

common stock

Purchase

2,404

44.4684 USD

common stock

Purchase

2,332

44.4547 USD

common stock

Purchase

2,065

44.2372 USD

common stock

Purchase

2,063

44.4324 USD

common stock

Purchase

1,865

44.8116 USD

common stock

Purchase

1,325

44.5254 USD

common stock

Purchase

1,114

44.3636 USD

common stock

Purchase

1,110

44.4446 USD

common stock

Purchase

1,027

44.3800 USD

common stock

Purchase

859

44.3829 USD

common stock

Purchase

816

45.0418 USD

common stock

Purchase

766

44.4719 USD

common stock

Purchase

714

44.4776 USD

common stock

Purchase

618

44.8616 USD

common stock

Purchase

460

44.2656 USD

common stock

Purchase

437

44.5012 USD

common stock

Purchase

412

44.4151 USD

common stock

Purchase

400

44.3650 USD

common stock

Purchase

362

44.5107 USD

common stock

Purchase

340

44.3747 USD

common stock

Purchase

317

44.3654 USD

common stock

Purchase

309

44.4695 USD

common stock

Purchase

306

44.3736 USD

common stock

Purchase

300

44.3866 USD

common stock

Purchase

252

44.3740 USD

common stock

Purchase

200

44.4800 USD

common stock

Purchase

194

44.6870 USD

common stock

Purchase

180

44.4400 USD

common stock

Purchase

165

45.0600 USD

common stock

Purchase

160

44.4050 USD

common stock

Purchase

150

44.2500 USD

common stock

Purchase

129

45.1600 USD

common stock

Purchase

100

44.3750 USD

common stock

Purchase

100

44.5000 USD

common stock

Purchase

96

44.3891 USD

common stock

Purchase

95

44.3478 USD

common stock

Purchase

84

44.4168 USD

common stock

Purchase

70

44.1300 USD

common stock

Purchase

65

44.5577 USD

common stock

Purchase

60

44.3683 USD

common stock

Purchase

60

44.1350 USD

common stock

Purchase

38

44.2000 USD

common stock

Purchase

32

45.0193 USD

common stock

Purchase

27

44.3892 USD

common stock

Purchase

11

44.3045 USD

common stock

Sale

247,325

44.7292 USD

common stock

Sale

124,840

45.0900 USD

common stock

Sale

50,038

44.4949 USD

common stock

Sale

46,828

45.0602 USD

common stock

Sale

40,000

44.4200 USD

common stock

Sale

31,843

44.4151 USD

common stock

Sale

28,363

45.0348 USD

common stock

Sale

23,399

44.7289 USD

common stock

Sale

14,353

44.4910 USD

common stock

Sale

13,828

44.4483 USD

common stock

Sale

12,563

44.7506 USD

common stock

Sale

10,348

44.5730 USD

common stock

Sale

8,922

44.6100 USD

common stock

Sale

8,792

44.6782 USD

common stock

Sale

8,438

44.4765 USD

common stock

Sale

7,288

44.5073 USD

common stock

Sale

6,357

45.0714 USD

common stock

Sale

6,274

44.4921 USD

common stock

Sale

5,902

44.3713 USD

common stock

Sale

4,089

44.6730 USD

common stock

Sale

3,448

44.5509 USD

common stock

Sale

2,306

44.7212 USD

common stock

Sale

2,200

44.6168 USD

common stock

Sale

2,065

44.2372 USD

common stock

Sale

1,913

44.6148 USD

common stock

Sale

1,910

44.5775 USD

common stock

Sale

1,727

44.4228 USD

common stock

Sale

1,716

44.6286 USD

common stock

Sale

1,683

44.3768 USD

common stock

Sale

1,538

44.7067 USD

common stock

Sale

1,455

44.6142 USD

common stock

Sale

1,400

44.3200 USD

common stock

Sale

1,232

44.4259 USD

common stock

Sale

865

44.6450 USD

common stock

Sale

816

45.0418 USD

common stock

Sale

586

44.3600 USD

common stock

Sale

504

44.3999 USD

common stock

Sale

460

44.2656 USD

common stock

Sale

448

44.4306 USD

common stock

Sale

400

44.3875 USD

common stock

Sale

368

44.4885 USD

common stock

Sale

301

44.3330 USD

common stock

Sale

276

44.5577 USD

common stock

Sale

259

44.6037 USD

common stock

Sale

194

44.6870 USD

common stock

Sale

189

44.9687 USD

common stock

Sale

160

44.1350 USD

common stock

Sale

95

44.4050 USD

common stock

Sale

71

44.3400 USD

common stock

Sale

65

44.3100 USD

common stock

Sale

55

44.4800 USD

common stock

Sale

50

44.2740 USD

common stock

Sale

36

44.3383 USD

common stock

Sale

32

45.0193 USD

common stock

Sale

31

44.3545 USD

common stock

Sale

29

45.1600 USD

common stock

Sale

17

44.4135 USD

common stock

Sale

15

44.3833 USD

common stock

Sale

13

44.4100 USD

common stock

Sale

10

44.2750 USD

common stock

Sale

5

44.2300 USD

common stock

Sale

1

44.1800 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

TBD

TBD

received

option

per unit

relates

common stock

Call Options

Selling

206,400

USD

1.1000 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:

03 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213