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:

05 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:

845,240

0.24%

465,775

0.13%

(2)

Cash-settled derivatives:

and/or controlled:

155,620

0.04%

48,060

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,000,860

0.29%

513,835

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

122,045

44.3306 USD

common stock

Purchase

95,500

43.8200 USD

common stock

Purchase

62,568

43.5983 USD

common stock

Purchase

58,918

44.2020 USD

common stock

Purchase

44,808

44.0535 USD

common stock

Purchase

43,589

44.0888 USD

common stock

Purchase

30,201

44.3295 USD

common stock

Purchase

15,428

44.3241 USD

common stock

Purchase

12,569

44.0749 USD

common stock

Purchase

12,029

44.1220 USD

common stock

Purchase

11,574

44.0124 USD

common stock

Purchase

10,887

44.4000 USD

common stock

Purchase

10,455

44.1619 USD

common stock

Purchase

7,397

44.1257 USD

common stock

Purchase

7,111

43.9970 USD

common stock

Purchase

5,335

44.0594 USD

common stock

Purchase

4,542

44.0579 USD

common stock

Purchase

4,056

44.1447 USD

common stock

Purchase

3,294

44.1577 USD

common stock

Purchase

2,843

43.9880 USD

common stock

Purchase

2,581

44.1922 USD

common stock

Purchase

2,510

44.0552 USD

common stock

Purchase

2,259

44.2779 USD

common stock

Purchase

1,250

44.1896 USD

common stock

Purchase

1,100

44.0700 USD

common stock

Purchase

800

43.9712 USD

common stock

Purchase

600

43.9133 USD

common stock

Purchase

589

44.2606 USD

common stock

Purchase

565

44.3987 USD

common stock

Purchase

564

44.2464 USD

common stock

Purchase

526

44.3788 USD

common stock

Purchase

465

44.3541 USD

common stock

Purchase

403

44.1406 USD

common stock

Purchase

401

44.1291 USD

common stock

Purchase

400

44.4250 USD

common stock

Purchase

375

43.8093 USD

common stock

Purchase

276

44.4363 USD

common stock

Purchase

273

44.2262 USD

common stock

Purchase

203

43.9280 USD

common stock

Purchase

185

44.1264 USD

common stock

Purchase

100

43.8300 USD

common stock

Purchase

100

44.4300 USD

common stock

Purchase

80

44.0300 USD

common stock

Purchase

40

43.8527 USD

common stock

Purchase

31

43.8961 USD

common stock

Purchase

20

43.9050 USD

common stock

Purchase

10

43.8400 USD

common stock

Purchase

8

44.4700 USD

common stock

Purchase

6

43.9000 USD

common stock

Purchase

4

44.4200 USD

common stock

Sale

231,936

44.2116 USD

common stock

Sale

62,568

43.5983 USD

common stock

Sale

58,918

44.2020 USD

common stock

Sale

40,088

43.6673 USD

common stock

Sale

21,544

43.9299 USD

common stock

Sale

15,306

43.9459 USD

common stock

Sale

11,638

44.4000 USD

common stock

Sale

11,034

43.9227 USD

common stock

Sale

8,931

44.2911 USD

common stock

Sale

8,495

44.1545 USD

common stock

Sale

7,147

43.9951 USD

common stock

Sale

4,986

44.1575 USD

common stock

Sale

4,096

44.2839 USD

common stock

Sale

3,990

44.1255 USD

common stock

Sale

3,635

44.0569 USD

common stock

Sale

2,507

43.9029 USD

common stock

Sale

2,483

44.3595 USD

common stock

Sale

2,323

44.0067 USD

common stock

Sale

2,121

44.2968 USD

common stock

Sale

1,893

43.9008 USD

common stock

Sale

1,815

43.9560 USD

common stock

Sale

1,732

43.8902 USD

common stock

Sale

1,488

44.0210 USD

common stock

Sale

1,369

44.4465 USD

common stock

Sale

1,265

44.3994 USD

common stock

Sale

1,227

44.0180 USD

common stock

Sale

1,215

44.1408 USD

common stock

Sale

1,150

44.2079 USD

common stock

Sale

1,143

43.9022 USD

common stock

Sale

589

44.2606 USD

common stock

Sale

572

43.8857 USD

common stock

Sale

568

43.9779 USD

common stock

Sale

534

44.2461 USD

common stock

Sale

470

44.3293 USD

common stock

Sale

465

44.3541 USD

common stock

Sale

460

44.0056 USD

common stock

Sale

401

44.1291 USD

common stock

Sale

210

43.9766 USD

common stock

Sale

200

43.9300 USD

common stock

Sale

200

44.4375 USD

common stock

Sale

200

43.9850 USD

common stock

Sale

200

44.4100 USD

common stock

Sale

166

43.8900 USD

common stock

Sale

120

43.9709 USD

common stock

Sale

102

43.9900 USD

common stock

Sale

100

44.4400 USD

common stock

Sale

100

43.9800 USD

common stock

Sale

100

44.4300 USD

common stock

Sale

100

44.3800 USD

common stock

Sale

100

44.4450 USD

common stock

Sale

100

43.9700 USD

common stock

Sale

37

43.9550 USD

common stock

Sale

32

44.4500 USD

common stock

Sale

12

43.8916 USD

common stock

Sale

10

43.8400 USD

common stock

Sale

10

43.9050 USD

common stock

Sale

8

44.4700 USD

common stock

Sale

7

43.8800 USD

common stock

Sale

4

44.2200 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:

06 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213