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:

06 Aug 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:

808,166

0.23%

500,055

0.14%

(2)

Cash-settled derivatives:

and/or controlled:

168,662

0.05%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

24,700

0.01%

TOTAL:

976,828

0.28%

524,755

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

88,253

45.3902 USD

common stock

Purchase

74,012

45.0249 USD

common stock

Purchase

53,787

44.7900 USD

common stock

Purchase

39,879

44.9774 USD

common stock

Purchase

26,023

44.7607 USD

common stock

Purchase

24,139

44.7910 USD

common stock

Purchase

19,600

45.0300 USD

common stock

Purchase

17,952

45.3812 USD

common stock

Purchase

15,940

45.3644 USD

common stock

Purchase

15,250

45.0354 USD

common stock

Purchase

14,687

45.3658 USD

common stock

Purchase

8,437

45.1144 USD

common stock

Purchase

6,841

45.0405 USD

common stock

Purchase

6,449

45.3580 USD

common stock

Purchase

6,336

44.8472 USD

common stock

Purchase

6,333

45.3989 USD

common stock

Purchase

5,470

44.0315 USD

common stock

Purchase

4,948

45.3675 USD

common stock

Purchase

4,599

44.9530 USD

common stock

Purchase

4,225

45.2052 USD

common stock

Purchase

3,902

45.3531 USD

common stock

Purchase

3,313

44.9722 USD

common stock

Purchase

2,750

44.9469 USD

common stock

Purchase

2,117

45.3283 USD

common stock

Purchase

1,879

45.3517 USD

common stock

Purchase

1,823

44.8824 USD

common stock

Purchase

1,192

45.3899 USD

common stock

Purchase

919

45.3443 USD

common stock

Purchase

753

45.2948 USD

common stock

Purchase

748

44.5537 USD

common stock

Purchase

625

45.0921 USD

common stock

Purchase

625

45.0956 USD

common stock

Purchase

620

45.1801 USD

common stock

Purchase

600

44.9533 USD

common stock

Purchase

575

44.8539 USD

common stock

Purchase

550

45.4200 USD

common stock

Purchase

541

45.0447 USD

common stock

Purchase

529

44.8670 USD

common stock

Purchase

451

44.8803 USD

common stock

Purchase

371

45.3343 USD

common stock

Purchase

311

44.7668 USD

common stock

Purchase

300

44.7300 USD

common stock

Purchase

300

45.2333 USD

common stock

Purchase

271

45.3679 USD

common stock

Purchase

248

45.4600 USD

common stock

Purchase

216

45.3642 USD

common stock

Purchase

200

44.9700 USD

common stock

Purchase

200

45.2650 USD

common stock

Purchase

182

44.9568 USD

common stock

Purchase

160

45.0400 USD

common stock

Purchase

131

40.4724 EUR

common stock

Purchase

121

44.4428 USD

common stock

Purchase

110

44.8963 USD

common stock

Purchase

72

45.3600 USD

common stock

Purchase

64

45.0399 USD

common stock

Purchase

50

44.9200 USD

common stock

Purchase

29

45.0800 USD

common stock

Purchase

29

44.9068 USD

common stock

Purchase

20

44.0570 USD

common stock

Purchase

5

45.0600 USD

common stock

Purchase

5

44.9000 USD

common stock

Purchase

5

45.1800 USD

common stock

Purchase

3

40.1100 EUR

common stock

Purchase

2

45.4100 USD

common stock

Sale

158,291

45.3814 USD

common stock

Sale

97,139

44.9813 USD

common stock

Sale

45,600

44.9963 USD

common stock

Sale

43,351

45.0300 USD

common stock

Sale

20,795

44.7074 USD

common stock

Sale

17,968

44.8279 USD

common stock

Sale

15,483

44.9687 USD

common stock

Sale

11,135

44.2292 USD

common stock

Sale

9,510

45.1172 USD

common stock

Sale

6,412

45.0514 USD

common stock

Sale

4,932

45.0644 USD

common stock

Sale

4,599

44.9530 USD

common stock

Sale

3,756

44.8078 USD

common stock

Sale

3,600

45.2100 USD

common stock

Sale

3,400

45.0702 USD

common stock

Sale

2,191

44.8807 USD

common stock

Sale

2,145

45.0544 USD

common stock

Sale

1,897

44.9451 USD

common stock

Sale

1,661

44.2339 USD

common stock

Sale

1,494

45.0486 USD

common stock

Sale

1,453

44.0908 USD

common stock

Sale

1,411

45.1602 USD

common stock

Sale

1,300

44.7737 USD

common stock

Sale

1,088

44.0382 USD

common stock

Sale

1,000

44.8955 USD

common stock

Sale

919

45.3443 USD

common stock

Sale

905

45.0378 USD

common stock

Sale

800

44.0350 USD

common stock

Sale

700

45.1114 USD

common stock

Sale

641

45.1158 USD

common stock

Sale

620

45.1801 USD

common stock

Sale

575

44.1913 USD

common stock

Sale

555

45.0797 USD

common stock

Sale

548

45.0290 USD

common stock

Sale

531

44.8285 USD

common stock

Sale

506

45.1218 USD

common stock

Sale

470

45.1072 USD

common stock

Sale

398

44.0400 USD

common stock

Sale

380

44.8659 USD

common stock

Sale

338

43.9842 USD

common stock

Sale

300

44.7300 USD

common stock

Sale

219

45.0404 USD

common stock

Sale

214

45.2745 USD

common stock

Sale

200

44.8475 USD

common stock

Sale

160

45.0400 USD

common stock

Sale

155

45.3920 USD

common stock

Sale

148

45.4600 USD

common stock

Sale

131

40.4724 EUR

common stock

Sale

121

44.4428 USD

common stock

Sale

100

45.4225 USD

common stock

Sale

100

44.8300 USD

common stock

Sale

61

45.0414 USD

common stock

Sale

52

44.8750 USD

common stock

Sale

44

45.1600 USD

common stock

Sale

40

45.0405 USD

common stock

Sale

20

44.9495 USD

common stock

Sale

19

44.9973 USD

common stock

Sale

17

44.8747 USD

common stock

Sale

12

43.7917 USD

common stock

Sale

11

44.9527 USD

common stock

Sale

11

44.8881 USD

common stock

Sale

11

44.9681 USD

common stock

Sale

6

45.4400 USD

common stock

Sale

6

45.0200 USD

common stock

Sale

6

44.9200 USD

common stock

Sale

5

45.0600 USD

common stock

Sale

5

44.9000 USD

common stock

Sale

4

44.9600 USD

common stock

Sale

3

40.1100 EUR

common stock

Sale

2

44.0500 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?

YES

Date of disclosure:

07 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Purchased

-24,700

43.0000

American

16 Aug 2024

3.

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood: