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:

11 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:

862,135

0.25%

361,269

0.10%

(2)

Cash-settled derivatives:

and/or controlled:

125,560

0.04%

44,055

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

987,695

0.28%

405,324

0.12%

(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

88,657

45.0181 USD

common stock

Purchase

53,228

44.9453 USD

common stock

Purchase

39,120

44.9827 USD

common stock

Purchase

28,044

44.9749 USD

common stock

Purchase

25,346

44.8943 USD

common stock

Purchase

25,208

45.0124 USD

common stock

Purchase

19,275

44.8233 USD

common stock

Purchase

19,275

44.8130 USD

common stock

Purchase

17,248

44.9411 USD

common stock

Purchase

11,319

44.9670 USD

common stock

Purchase

9,742

44.9044 USD

common stock

Purchase

9,732

44.8456 USD

common stock

Purchase

8,262

45.0500 USD

common stock

Purchase

7,487

44.9789 USD

common stock

Purchase

5,794

45.0227 USD

common stock

Purchase

4,465

44.9887 USD

common stock

Purchase

3,538

44.9256 USD

common stock

Purchase

2,940

44.9592 USD

common stock

Purchase

2,851

44.9933 USD

common stock

Purchase

2,687

44.9752 USD

common stock

Purchase

2,203

44.8421 USD

common stock

Purchase

2,145

44.9279 USD

common stock

Purchase

1,934

44.9127 USD

common stock

Purchase

1,915

44.8957 USD

common stock

Purchase

1,300

45.1330 USD

common stock

Purchase

1,254

44.9132 USD

common stock

Purchase

1,246

44.9527 USD

common stock

Purchase

1,155

44.9925 USD

common stock

Purchase

1,149

44.9595 USD

common stock

Purchase

967

44.9293 USD

common stock

Purchase

907

44.8736 USD

common stock

Purchase

544

44.8158 USD

common stock

Purchase

310

44.9186 USD

common stock

Purchase

258

44.8882 USD

common stock

Purchase

225

45.0466 USD

common stock

Purchase

210

45.0350 USD

common stock

Purchase

200

45.0000 USD

common stock

Purchase

199

45.0512 USD

common stock

Purchase

193

45.1117 USD

common stock

Purchase

190

45.0426 USD

common stock

Purchase

156

44.8111 USD

common stock

Purchase

130

44.9659 USD

common stock

Purchase

100

44.8800 USD

common stock

Purchase

100

44.9300 USD

common stock

Purchase

100

45.0200 USD

common stock

Purchase

25

45.0600 USD

common stock

Sale

60,545

45.0273 USD

common stock

Sale

42,367

44.9855 USD

common stock

Sale

41,427

44.9453 USD

common stock

Sale

25,022

44.9696 USD

common stock

Sale

22,946

44.9835 USD

common stock

Sale

20,949

44.9764 USD

common stock

Sale

18,781

45.0500 USD

common stock

Sale

15,999

44.8663 USD

common stock

Sale

12,568

44.9853 USD

common stock

Sale

10,905

44.9876 USD

common stock

Sale

10,700

45.0505 USD

common stock

Sale

3,762

44.9859 USD

common stock

Sale

3,368

44.9718 USD

common stock

Sale

2,821

44.9577 USD

common stock

Sale

2,733

44.8460 USD

common stock

Sale

2,531

44.8129 USD

common stock

Sale

2,057

45.0564 USD

common stock

Sale

2,025

45.0354 USD

common stock

Sale

1,980

44.9176 USD

common stock

Sale

1,961

44.8468 USD

common stock

Sale

1,767

44.8441 USD

common stock

Sale

1,543

44.9355 USD

common stock

Sale

1,444

45.0521 USD

common stock

Sale

1,397

44.9888 USD

common stock

Sale

1,384

44.9262 USD

common stock

Sale

1,341

44.7950 USD

common stock

Sale

1,303

44.8431 USD

common stock

Sale

1,225

44.9734 USD

common stock

Sale

1,208

44.8242 USD

common stock

Sale

1,000

44.9300 USD

common stock

Sale

1,000

44.8425 USD

common stock

Sale

900

44.8477 USD

common stock

Sale

885

44.8041 USD

common stock

Sale

870

45.0332 USD

common stock

Sale

800

44.8465 USD

common stock

Sale

746

44.8804 USD

common stock

Sale

712

44.8428 USD

common stock

Sale

700

44.7729 USD

common stock

Sale

663

45.0197 USD

common stock

Sale

500

44.9040 USD

common stock

Sale

420

44.8537 USD

common stock

Sale

405

45.0596 USD

common stock

Sale

400

44.8400 USD

common stock

Sale

310

44.9186 USD

common stock

Sale

303

44.8532 USD

common stock

Sale

221

45.0940 USD

common stock

Sale

200

44.9550 USD

common stock

Sale

199

45.0512 USD

common stock

Sale

193

45.1117 USD

common stock

Sale

152

44.9178 USD

common stock

Sale

130

44.9659 USD

common stock

Sale

125

45.0700 USD

common stock

Sale

100

44.8600 USD

common stock

Sale

100

44.8500 USD

common stock

Sale

100

44.7900 USD

common stock

Sale

90

44.8700 USD

common stock

Sale

64

45.0419 USD

common stock

Sale

25

45.0600 USD

common stock

Sale

10

45.0350 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

2,300

USD

TBD

TBD

0.2913 USD

common stock

Call Options

Purchasing

2,300

USD

TBD

TBD

0.5500 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:

12 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213