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:

17 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:

840,717

0.24%

294,559

0.08%

(2)

Cash-settled derivatives:

and/or controlled:

40,050

0.01%

46,190

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

880,767

0.25%

340,749

0.10%

(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

70,830

45.3032 USD

common stock

Purchase

49,578

45.3700 USD

common stock

Purchase

27,764

45.3198 USD

common stock

Purchase

26,832

45.3686 USD

common stock

Purchase

14,619

45.1476 USD

common stock

Purchase

13,591

45.3351 USD

common stock

Purchase

12,948

45.1774 USD

common stock

Purchase

10,488

45.1745 USD

common stock

Purchase

9,135

44.5117 USD

common stock

Purchase

7,710

44.8268 USD

common stock

Purchase

6,925

45.1103 USD

common stock

Purchase

6,483

45.2851 USD

common stock

Purchase

4,734

45.1061 USD

common stock

Purchase

2,771

45.2631 USD

common stock

Purchase

2,748

45.1821 USD

common stock

Purchase

2,701

45.0121 USD

common stock

Purchase

1,945

45.1202 USD

common stock

Purchase

1,807

45.1080 USD

common stock

Purchase

1,802

45.2191 USD

common stock

Purchase

1,187

45.1925 USD

common stock

Purchase

970

45.1612 USD

common stock

Purchase

902

45.2646 USD

common stock

Purchase

800

45.0700 USD

common stock

Purchase

656

45.2788 USD

common stock

Purchase

650

44.9175 USD

common stock

Purchase

602

45.2584 USD

common stock

Purchase

489

45.3302 USD

common stock

Purchase

423

45.2031 USD

common stock

Purchase

416

45.0615 USD

common stock

Purchase

304

44.5727 USD

common stock

Purchase

300

45.3433 USD

common stock

Purchase

295

45.1809 USD

common stock

Purchase

278

44.6233 USD

common stock

Purchase

271

44.9900 USD

common stock

Purchase

222

45.1258 USD

common stock

Purchase

206

45.3493 USD

common stock

Purchase

201

45.2950 USD

common stock

Purchase

109

45.3451 USD

common stock

Purchase

100

45.3200 USD

common stock

Purchase

97

41.7900 EUR

common stock

Purchase

96

45.2087 USD

common stock

Purchase

72

45.3500 USD

common stock

Purchase

67

44.6400 USD

common stock

Purchase

47

45.2736 USD

common stock

Sale

79,190

45.3700 USD

common stock

Sale

42,812

45.3493 USD

common stock

Sale

35,695

45.2850 USD

common stock

Sale

27,950

45.3646 USD

common stock

Sale

14,619

45.1476 USD

common stock

Sale

12,981

45.3339 USD

common stock

Sale

12,350

45.2097 USD

common stock

Sale

12,051

45.3687 USD

common stock

Sale

11,443

45.1118 USD

common stock

Sale

7,872

45.1797 USD

common stock

Sale

6,090

44.5117 USD

common stock

Sale

5,342

45.1648 USD

common stock

Sale

3,871

45.2934 USD

common stock

Sale

3,855

44.8268 USD

common stock

Sale

3,785

45.3660 USD

common stock

Sale

2,409

45.3498 USD

common stock

Sale

2,303

45.2404 USD

common stock

Sale

2,005

45.0917 USD

common stock

Sale

1,963

45.2361 USD

common stock

Sale

1,800

45.0343 USD

common stock

Sale

1,450

44.5048 USD

common stock

Sale

1,300

44.8184 USD

common stock

Sale

1,247

44.8427 USD

common stock

Sale

1,190

44.6763 USD

common stock

Sale

1,000

45.2815 USD

common stock

Sale

987

45.2462 USD

common stock

Sale

892

45.2513 USD

common stock

Sale

698

44.5100 USD

common stock

Sale

650

44.9175 USD

common stock

Sale

566

45.2360 USD

common stock

Sale

564

44.7158 USD

common stock

Sale

514

45.1431 USD

common stock

Sale

500

44.8166 USD

common stock

Sale

500

45.2920 USD

common stock

Sale

500

44.8200 USD

common stock

Sale

490

44.5300 USD

common stock

Sale

489

45.3302 USD

common stock

Sale

425

45.3135 USD

common stock

Sale

421

45.3157 USD

common stock

Sale

373

45.2791 USD

common stock

Sale

359

45.3350 USD

common stock

Sale

300

44.5200 USD

common stock

Sale

284

45.2096 USD

common stock

Sale

239

45.3306 USD

common stock

Sale

217

45.3131 USD

common stock

Sale

208

44.8300 USD

common stock

Sale

207

44.5147 USD

common stock

Sale

194

45.3531 USD

common stock

Sale

147

44.6946 USD

common stock

Sale

142

44.9400 USD

common stock

Sale

139

45.1900 USD

common stock

Sale

121

45.2288 USD

common stock

Sale

100

45.3300 USD

common stock

Sale

100

44.8150 USD

common stock

Sale

97

41.7900 EUR

common stock

Sale

96

45.2087 USD

common stock

Sale

88

44.6950 USD

common stock

Sale

85

44.6940 USD

common stock

Sale

68

44.6525 USD

common stock

Sale

68

45.2950 USD

common stock

Sale

67

44.6400 USD

common stock

Sale

58

45.3731 USD

common stock

Sale

51

44.6866 USD

common stock

Sale

35

45.3500 USD

common stock

Sale

34

44.7050 USD

common stock

Sale

25

44.8400 USD

common stock

Sale

18

45.2900 USD

common stock

Sale

17

44.6250 USD

common stock

Sale

17

44.6800 USD

common stock

Sale

5

44.7700 USD

common stock

Sale

2

45.3600 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

10,800

47.0000 USD

American

21 Jun 2024

0.3926 USD

common stock

Call Options

Selling

18,500

48.0000 USD

American

19 Jul 2024

1.1495 USD

common stock

Call Options

Purchasing

3,800

USD

0.4211 USD

common stock

Put Options

Selling

7,500

45.0000 USD

American

19 Jul 2024

1.6500 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:

18 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213