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:

29 Nov 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:

890,150

0.26%

549,880

0.16%

(2)

Cash-settled derivatives:

and/or controlled:

316,369

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,206,519

0.35%

563,540

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

28,181

58.8300 USD

common stock

Purchase

20,671

58.5236 USD

common stock

Purchase

13,738

58.7125 USD

common stock

Purchase

11,695

58.5536 USD

common stock

Purchase

9,107

58.8102 USD

common stock

Purchase

8,615

58.4919 USD

common stock

Purchase

6,879

58.1600 USD

common stock

Purchase

6,237

58.8268 USD

common stock

Purchase

6,223

58.6224 USD

common stock

Purchase

4,408

58.5534 USD

common stock

Purchase

3,758

58.5858 USD

common stock

Purchase

3,244

58.6430 USD

common stock

Purchase

2,589

58.6171 USD

common stock

Purchase

2,215

58.8144 USD

common stock

Purchase

2,212

58.6436 USD

common stock

Purchase

1,843

58.6662 USD

common stock

Purchase

1,479

58.8404 USD

common stock

Purchase

1,281

58.6387 USD

common stock

Purchase

1,228

58.3225 USD

common stock

Purchase

1,100

58.5636 USD

common stock

Purchase

600

58.6683 USD

common stock

Purchase

551

58.5267 USD

common stock

Purchase

502

58.7905 USD

common stock

Purchase

454

58.6371 USD

common stock

Purchase

400

58.2613 USD

common stock

Purchase

372

58.5751 USD

common stock

Purchase

364

58.5775 USD

common stock

Purchase

352

58.6381 USD

common stock

Purchase

350

58.6771 USD

common stock

Purchase

302

58.5585 USD

common stock

Purchase

210

58.4658 USD

common stock

Purchase

166

58.8625 USD

common stock

Purchase

131

58.6132 USD

common stock

Purchase

125

58.6054 USD

common stock

Purchase

100

58.0900 USD

common stock

Purchase

100

58.5690 USD

common stock

Purchase

100

58.9000 USD

common stock

Purchase

100

58.6700 USD

common stock

Purchase

80

58.5468 USD

common stock

Purchase

79

58.7700 USD

common stock

Purchase

60

55.5400 EUR

common stock

Purchase

58

58.4967 USD

common stock

Purchase

52

58.5098 USD

common stock

Purchase

50

58.5590 USD

common stock

Purchase

32

58.6500 USD

common stock

Purchase

29

58.6672 USD

common stock

Purchase

25

58.6060 USD

common stock

Purchase

20

58.4325 USD

common stock

Purchase

16

58.5437 USD

common stock

Purchase

15

58.4483 USD

common stock

Purchase

11

58.7227 USD

common stock

Purchase

10

58.6650 USD

common stock

Purchase

10

58.7800 USD

common stock

Purchase

5

58.6600 USD

common stock

Sale

32,213

58.8300 USD

common stock

Sale

30,242

58.6180 USD

common stock

Sale

19,112

58.6349 USD

common stock

Sale

6,888

58.5139 USD

common stock

Sale

6,879

58.1600 USD

common stock

Sale

6,689

58.5081 USD

common stock

Sale

6,050

58.4834 USD

common stock

Sale

4,745

58.5420 USD

common stock

Sale

4,335

58.8335 USD

common stock

Sale

3,804

58.5117 USD

common stock

Sale

2,652

58.4886 USD

common stock

Sale

1,699

58.8205 USD

common stock

Sale

1,653

58.5848 USD

common stock

Sale

1,509

58.8283 USD

common stock

Sale

1,426

58.7053 USD

common stock

Sale

1,399

58.4652 USD

common stock

Sale

1,262

58.8364 USD

common stock

Sale

800

58.6674 USD

common stock

Sale

794

58.7276 USD

common stock

Sale

602

58.8087 USD

common stock

Sale

581

58.6417 USD

common stock

Sale

551

58.5267 USD

common stock

Sale

400

58.8580 USD

common stock

Sale

364

58.5775 USD

common stock

Sale

328

58.3648 USD

common stock

Sale

229

58.6213 USD

common stock

Sale

215

58.8639 USD

common stock

Sale

179

58.9500 USD

common stock

Sale

165

58.5998 USD

common stock

Sale

153

58.8332 USD

common stock

Sale

138

58.5643 USD

common stock

Sale

100

58.0900 USD

common stock

Sale

96

58.6558 USD

common stock

Sale

60

55.5400 EUR

common stock

Sale

57

58.4703 USD

common stock

Sale

40

58.5280 USD

common stock

Sale

20

58.2200 USD

common stock

Sale

2

58.8600 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

Decreasing Long

2,095

58.8310 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

(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:

02 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213