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:

09 Dec 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:

1,058,694

0.30%

689,266

0.20%

(2)

Cash-settled derivatives:

and/or controlled:

319,377

0.09%

13,660

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,378,071

0.40%

702,926

0.20%

(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

87,609

55.7801 USD

common stock

Purchase

82,571

55.8372 USD

common stock

Purchase

40,473

55.7800 USD

common stock

Purchase

34,219

55.8539 USD

common stock

Purchase

24,727

55.8683 USD

common stock

Purchase

12,660

55.7834 USD

common stock

Purchase

12,001

55.8295 USD

common stock

Purchase

8,686

55.8164 USD

common stock

Purchase

8,528

55.7851 USD

common stock

Purchase

6,352

55.7716 USD

common stock

Purchase

6,095

55.8316 USD

common stock

Purchase

4,537

55.7751 USD

common stock

Purchase

4,097

55.8608 USD

common stock

Purchase

3,247

55.9313 USD

common stock

Purchase

1,796

55.6800 USD

common stock

Purchase

1,788

55.7737 USD

common stock

Purchase

1,618

55.9758 USD

common stock

Purchase

700

55.8676 USD

common stock

Purchase

669

55.7717 USD

common stock

Purchase

661

56.9633 USD

common stock

Purchase

478

55.7598 USD

common stock

Purchase

420

55.8273 USD

common stock

Purchase

399

55.7960 USD

common stock

Purchase

307

55.8437 USD

common stock

Purchase

256

55.7150 USD

common stock

Purchase

197

55.7814 USD

common stock

Purchase

190

55.8700 USD

common stock

Purchase

173

56.0253 USD

common stock

Purchase

65

57.0900 USD

common stock

Purchase

34

55.7770 USD

common stock

Purchase

6

55.7400 USD

common stock

Sale

146,696

55.7800 USD

common stock

Sale

87,609

55.7801 USD

common stock

Sale

86,798

55.8470 USD

common stock

Sale

70,815

55.8060 USD

common stock

Sale

7,910

55.7974 USD

common stock

Sale

6,072

55.8062 USD

common stock

Sale

4,819

56.3156 USD

common stock

Sale

4,557

55.8082 USD

common stock

Sale

3,033

55.8573 USD

common stock

Sale

2,827

55.8260 USD

common stock

Sale

1,796

55.6800 USD

common stock

Sale

1,541

55.9261 USD

common stock

Sale

956

56.0571 USD

common stock

Sale

507

55.8439 USD

common stock

Sale

468

55.7534 USD

common stock

Sale

431

55.8263 USD

common stock

Sale

427

55.8293 USD

common stock

Sale

420

55.8273 USD

common stock

Sale

412

55.9589 USD

common stock

Sale

400

57.0000 USD

common stock

Sale

344

55.9224 USD

common stock

Sale

322

56.3052 USD

common stock

Sale

308

55.7373 USD

common stock

Sale

269

56.2754 USD

common stock

Sale

263

55.9788 USD

common stock

Sale

169

56.1839 USD

common stock

Sale

156

56.0000 USD

common stock

Sale

150

55.9245 USD

common stock

Sale

149

56.0481 USD

common stock

Sale

129

55.9451 USD

common stock

Sale

100

55.7300 USD

common stock

Sale

95

55.8700 USD

common stock

Sale

89

55.9357 USD

common stock

Sale

70

55.8971 USD

common stock

Sale

70

56.0485 USD

common stock

Sale

50

55.7000 USD

common stock

Sale

45

55.8455 USD

common stock

Sale

31

55.9500 USD

common stock

Sale

29

55.8500 USD

common stock

Sale

26

55.8738 USD

common stock

Sale

25

55.9100 USD

common stock

Sale

20

55.7700 USD

common stock

Sale

11

55.7400 USD

common stock

Sale

10

56.0625 USD

common stock

Sale

10

55.6600 USD

common stock

Sale

9

56.9600 USD

common stock

Sale

5

55.8000 USD

common stock

Sale

5

55.6900 USD

common stock

Sale

2

55.7600 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

259

55.7810 USD

common stock

SWAP

Decreasing Long

249

55.7824 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:

10 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213