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 Oct 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:

856,860

0.25%

408,812

0.12%

(2)

Cash-settled derivatives:

and/or controlled:

315,637

0.09%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,172,497

0.34%

408,812

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

131,368

48.0762 USD

common stock

Purchase

58,504

48.1900 USD

common stock

Purchase

41,510

48.0734 USD

common stock

Purchase

38,974

48.1174 USD

common stock

Purchase

19,273

48.0557 USD

common stock

Purchase

14,358

48.0490 USD

common stock

Purchase

10,250

48.0401 USD

common stock

Purchase

3,628

48.0193 USD

common stock

Purchase

3,078

48.1908 USD

common stock

Purchase

2,669

48.2160 USD

common stock

Purchase

2,240

47.9580 USD

common stock

Purchase

1,413

48.1217 USD

common stock

Purchase

1,035

48.1810 USD

common stock

Purchase

746

48.1890 USD

common stock

Purchase

565

48.0359 USD

common stock

Purchase

371

48.1817 USD

common stock

Purchase

292

47.2915 USD

common stock

Purchase

102

48.3253 USD

common stock

Purchase

100

47.5200 USD

common stock

Purchase

100

47.9500 USD

common stock

Purchase

38

47.8300 USD

common stock

Purchase

12

48.3000 USD

common stock

Purchase

3

48.2066 USD

common stock

Sale

58,860

48.1290 USD

common stock

Sale

52,520

48.1900 USD

common stock

Sale

41,821

48.0420 USD

common stock

Sale

24,742

48.0737 USD

common stock

Sale

24,229

48.1183 USD

common stock

Sale

19,763

47.8507 USD

common stock

Sale

15,574

48.0335 USD

common stock

Sale

13,194

48.1226 USD

common stock

Sale

10,927

48.1238 USD

common stock

Sale

10,686

48.1308 USD

common stock

Sale

6,416

48.0981 USD

common stock

Sale

5,697

48.0751 USD

common stock

Sale

4,718

48.0657 USD

common stock

Sale

3,996

48.1236 USD

common stock

Sale

3,779

48.1336 USD

common stock

Sale

3,583

48.1443 USD

common stock

Sale

3,560

48.1914 USD

common stock

Sale

2,831

47.9628 USD

common stock

Sale

2,772

48.1349 USD

common stock

Sale

2,512

48.1772 USD

common stock

Sale

2,294

48.1827 USD

common stock

Sale

2,116

48.0623 USD

common stock

Sale

1,863

48.3416 USD

common stock

Sale

1,627

48.1110 USD

common stock

Sale

1,035

48.1298 USD

common stock

Sale

794

48.0387 USD

common stock

Sale

714

48.1908 USD

common stock

Sale

700

48.0692 USD

common stock

Sale

698

47.7881 USD

common stock

Sale

590

48.0372 USD

common stock

Sale

565

48.0359 USD

common stock

Sale

553

48.0161 USD

common stock

Sale

419

48.1913 USD

common stock

Sale

211

48.1322 USD

common stock

Sale

200

48.0050 USD

common stock

Sale

200

48.2000 USD

common stock

Sale

200

47.8300 USD

common stock

Sale

186

47.0000 USD

common stock

Sale

100

48.0350 USD

common stock

Sale

50

48.1620 USD

common stock

Sale

32

48.1500 USD

common stock

Sale

31

48.2200 USD

common stock

Sale

19

47.9800 USD

common stock

Sale

15

48.1100 USD

common stock

Sale

5

48.2700 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

577

48.1910 USD

common stock

SWAP

Decreasing Long

1,101

48.1924 USD

common stock

SWAP

Decreasing Long

1,675

48.1925 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:

14 Oct 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213