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 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:

681,910

0.20%

788,185

0.23%

(2)

Cash-settled derivatives:

and/or controlled:

464,647

0.13%

100,125

0.03%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,146,557

0.33%

888,310

0.26%

(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

581,846

38.7929 USD

common stock

Purchase

482,188

38.8882 USD

common stock

Purchase

384,523

38.9140 USD

common stock

Purchase

265,061

38.8827 USD

common stock

Purchase

166,788

39.1124 USD

common stock

Purchase

141,797

39.0631 USD

common stock

Purchase

137,633

38.9995 USD

common stock

Purchase

128,982

39.0262 USD

common stock

Purchase

127,344

38.9374 USD

common stock

Purchase

111,482

39.2108 USD

common stock

Purchase

96,616

39.0414 USD

common stock

Purchase

87,474

38.7065 USD

common stock

Purchase

63,775

39.0988 USD

common stock

Purchase

61,868

38.9331 USD

common stock

Purchase

61,303

38.8273 USD

common stock

Purchase

53,909

38.8693 USD

common stock

Purchase

42,500

39.0565 USD

common stock

Purchase

40,186

39.0627 USD

common stock

Purchase

36,000

39.0000 USD

common stock

Purchase

27,404

39.0971 USD

common stock

Purchase

23,903

38.2904 USD

common stock

Purchase

22,500

39.4271 USD

common stock

Purchase

22,159

38.7658 USD

common stock

Purchase

18,491

38.8688 USD

common stock

Purchase

17,500

39.3742 USD

common stock

Purchase

12,934

39.2813 USD

common stock

Purchase

12,788

38.9793 USD

common stock

Purchase

11,688

38.8201 USD

common stock

Purchase

10,772

38.8400 USD

common stock

Purchase

10,391

38.7993 USD

common stock

Purchase

10,025

38.7017 USD

common stock

Purchase

10,000

38.4500 USD

common stock

Purchase

9,234

38.8429 USD

common stock

Purchase

7,440

38.9640 USD

common stock

Purchase

6,611

38.7883 USD

common stock

Purchase

6,381

38.5813 USD

common stock

Purchase

5,816

38.5864 USD

common stock

Purchase

5,146

39.9529 USD

common stock

Purchase

5,000

39.1430 USD

common stock

Purchase

4,455

38.8813 USD

common stock

Purchase

4,292

38.7903 USD

common stock

Purchase

3,800

38.7534 USD

common stock

Purchase

3,466

38.8394 USD

common stock

Purchase

2,666

38.9641 USD

common stock

Purchase

2,508

39.2007 USD

common stock

Purchase

2,500

38.8100 USD

common stock

Purchase

2,474

38.8452 USD

common stock

Purchase

2,468

38.8650 USD

common stock

Purchase

1,967

39.7401 USD

common stock

Purchase

1,924

38.7938 USD

common stock

Purchase

1,771

39.1996 USD

common stock

Purchase

1,638

38.8897 USD

common stock

Purchase

1,462

38.9611 USD

common stock

Purchase

1,400

38.9380 USD

common stock

Purchase

1,390

39.2835 USD

common stock

Purchase

1,340

38.6850 USD

common stock

Purchase

1,270

38.8783 USD

common stock

Purchase

900

38.8077 USD

common stock

Purchase

842

39.0703 USD

common stock

Purchase

800

38.9387 USD

common stock

Purchase

649

38.9885 USD

common stock

Purchase

578

38.4899 USD

common stock

Purchase

500

38.8730 USD

common stock

Purchase

407

38.4201 USD

common stock

Purchase

396

39.7159 USD

common stock

Purchase

374

38.1363 USD

common stock

Purchase

361

38.9608 USD

common stock

Purchase

300

39.1733 USD

common stock

Purchase

279

38.3453 USD

common stock

Purchase

200

38.8525 USD

common stock

Purchase

200

38.5500 USD

common stock

Purchase

200

38.7750 USD

common stock

Purchase

200

39.1500 USD

common stock

Purchase

200

38.7000 USD

common stock

Purchase

100

38.1600 USD

common stock

Purchase

100

38.8500 USD

common stock

Purchase

100

38.5000 USD

common stock

Purchase

61

38.9800 USD

common stock

Purchase

10

38.6200 USD

common stock

Purchase

4

39.0600 USD

common stock

Sale

469,591

38.6011 USD

common stock

Sale

313,299

39.0615 USD

common stock

Sale

235,419

39.1110 USD

common stock

Sale

218,866

38.9747 USD

common stock

Sale

207,007

38.8812 USD

common stock

Sale

196,581

38.8117 USD

common stock

Sale

195,445

39.2337 USD

common stock

Sale

156,254

38.8095 USD

common stock

Sale

143,000

38.8285 USD

common stock

Sale

142,383

38.7470 USD

common stock

Sale

129,898

38.8775 USD

common stock

Sale

111,782

39.2098 USD

common stock

Sale

89,659

39.2415 USD

common stock

Sale

79,455

38.8431 USD

common stock

Sale

66,444

38.9493 USD

common stock

Sale

53,229

39.9617 USD

common stock

Sale

51,694

38.6447 USD

common stock

Sale

45,161

38.8924 USD

common stock

Sale

36,005

39.0000 USD

common stock

Sale

34,516

39.3222 USD

common stock

Sale

33,383

38.8647 USD

common stock

Sale

27,225

38.8614 USD

common stock

Sale

23,998

38.9566 USD

common stock

Sale

22,500

39.4271 USD

common stock

Sale

20,664

38.2894 USD

common stock

Sale

20,043

38.7852 USD

common stock

Sale

20,010

39.6227 USD

common stock

Sale

17,299

39.5106 USD

common stock

Sale

17,202

38.8012 USD

common stock

Sale

16,649

39.0427 USD

common stock

Sale

16,229

38.6095 USD

common stock

Sale

15,922

39.4415 USD

common stock

Sale

15,881

38.8047 USD

common stock

Sale

14,396

39.0944 USD

common stock

Sale

12,376

38.4214 USD

common stock

Sale

12,364

38.6393 USD

common stock

Sale

12,334

38.8683 USD

common stock

Sale

10,904

38.9176 USD

common stock

Sale

10,727

39.2178 USD

common stock

Sale

10,025

38.7017 USD

common stock

Sale

10,000

38.4500 USD

common stock

Sale

9,001

38.3425 USD

common stock

Sale

7,006

38.8661 USD

common stock

Sale

6,826

39.9006 USD

common stock

Sale

6,826

38.9573 USD

common stock

Sale

6,603

38.9932 USD

common stock

Sale

6,540

38.8619 USD

common stock

Sale

6,381

39.9425 USD

common stock

Sale

6,312

38.8400 USD

common stock

Sale

6,198

39.1327 USD

common stock

Sale

5,666

38.9752 USD

common stock

Sale

5,264

38.9487 USD

common stock

Sale

5,000

39.1430 USD

common stock

Sale

4,486

39.2319 USD

common stock

Sale

3,800

38.7534 USD

common stock

Sale

3,323

38.3681 USD

common stock

Sale

3,296

38.8515 USD

common stock

Sale

3,239

38.2968 USD

common stock

Sale

3,206

39.1353 USD

common stock

Sale

3,104

38.8345 USD

common stock

Sale

2,913

38.9716 USD

common stock

Sale

2,801

38.9424 USD

common stock

Sale

2,800

38.9713 USD

common stock

Sale

2,693

38.8383 USD

common stock

Sale

2,532

38.9046 USD

common stock

Sale

2,500

38.8100 USD

common stock

Sale

2,478

39.1234 USD

common stock

Sale

2,422

38.9697 USD

common stock

Sale

2,330

38.3129 USD

common stock

Sale

2,059

39.0354 USD

common stock

Sale

1,842

39.6242 USD

common stock

Sale

1,605

38.7307 USD

common stock

Sale

1,531

38.9317 USD

common stock

Sale

1,400

38.9380 USD

common stock

Sale

1,270

38.8783 USD

common stock

Sale

1,253

39.5323 USD

common stock

Sale

1,205

38.2700 USD

common stock

Sale

1,000

39.6250 USD

common stock

Sale

953

38.9032 USD

common stock

Sale

842

39.0703 USD

common stock

Sale

800

39.0087 USD

common stock

Sale

713

38.9171 USD

common stock

Sale

701

38.8975 USD

common stock

Sale

614

39.0378 USD

common stock

Sale

590

39.6232 USD

common stock

Sale

558

39.6267 USD

common stock

Sale

500

38.8730 USD

common stock

Sale

400

38.9725 USD

common stock

Sale

400

39.4875 USD

common stock

Sale

400

39.6850 USD

common stock

Sale

400

39.6275 USD

common stock

Sale

374

39.7578 USD

common stock

Sale

361

38.9608 USD

common stock

Sale

301

38.5509 USD

common stock

Sale

300

39.4466 USD

common stock

Sale

300

39.6150 USD

common stock

Sale

265

38.8899 USD

common stock

Sale

263

38.9128 USD

common stock

Sale

249

39.0500 USD

common stock

Sale

246

39.1504 USD

common stock

Sale

200

38.2550 USD

common stock

Sale

200

38.7000 USD

common stock

Sale

200

39.6300 USD

common stock

Sale

200

38.5500 USD

common stock

Sale

152

38.7680 USD

common stock

Sale

132

38.6924 USD

common stock

Sale

129

39.3213 USD

common stock

Sale

100

38.3800 USD

common stock

Sale

100

39.6450 USD

common stock

Sale

100

40.0100 USD

common stock

Sale

100

38.8300 USD

common stock

Sale

100

38.5000 USD

common stock

Sale

100

39.0200 USD

common stock

Sale

100

39.8700 USD

common stock

Sale

98

38.7146 USD

common stock

Sale

95

38.7536 USD

common stock

Sale

81

38.8700 USD

common stock

Sale

61

38.7100 USD

common stock

Sale

50

36.9300 USD

common stock

Sale

22

39.0037 USD

common stock

Sale

20

38.8875 USD

common stock

Sale

18

39.3900 USD

common stock

Sale

15

38.9150 USD

common stock

Sale

10

38.9300 USD

common stock

Sale

8

38.8487 USD

common stock

Sale

5

38.8450 USD

common stock

Sale

5

38.6200 USD

common stock

Sale

4

39.0600 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

1,222

38.2441 USD

common stock

SWAP

Increasing Long

3,067

38.5242 USD

common stock

SWAP

Increasing Long

3,068

39.0164 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

common stock

Call Options

Selling

200,000

USD

0.4500 USD

common stock

Call Options

Selling

1,000

USD

0.3500 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:

08 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213