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 Sep 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:

831,880

0.24%

504,854

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

379,406

0.11%

0

0.00%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

123,800

0.04%

0

0.00%

TOTAL:

1,335,086

0.38%

504,854

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

57,989

47.6228 USD

common stock

Purchase

53,955

47.4722 USD

common stock

Purchase

18,091

47.3719 USD

common stock

Purchase

16,747

47.6088 USD

common stock

Purchase

12,691

47.6100 USD

common stock

Purchase

9,058

47.4627 USD

common stock

Purchase

8,990

47.6180 USD

common stock

Purchase

8,127

47.6236 USD

common stock

Purchase

7,800

47.5900 USD

common stock

Purchase

6,357

47.6294 USD

common stock

Purchase

4,232

47.0600 USD

common stock

Purchase

3,576

47.4688 USD

common stock

Purchase

3,395

47.5290 USD

common stock

Purchase

2,320

47.5314 USD

common stock

Purchase

1,881

47.5014 USD

common stock

Purchase

1,881

47.5015 USD

common stock

Purchase

1,142

47.6449 USD

common stock

Purchase

1,060

47.4046 USD

common stock

Purchase

1,051

47.5819 USD

common stock

Purchase

760

47.4163 USD

common stock

Purchase

544

47.4921 USD

common stock

Purchase

466

47.5478 USD

common stock

Purchase

447

47.4869 USD

common stock

Purchase

332

47.5697 USD

common stock

Purchase

300

47.7683 USD

common stock

Purchase

300

47.7733 USD

common stock

Purchase

253

47.4800 USD

common stock

Purchase

196

47.5562 USD

common stock

Purchase

111

47.6000 USD

common stock

Purchase

103

47.4593 USD

common stock

Purchase

95

47.5468 USD

common stock

Purchase

40

47.2000 USD

common stock

Purchase

27

47.5051 USD

common stock

Purchase

21

47.5504 USD

common stock

Purchase

14

47.5150 USD

common stock

Purchase

3

47.8200 USD

common stock

Purchase

1

47.5700 USD

common stock

Sale

66,565

47.4453 USD

common stock

Sale

28,328

47.6100 USD

common stock

Sale

22,428

47.6485 USD

common stock

Sale

15,978

47.6076 USD

common stock

Sale

13,145

47.6097 USD

common stock

Sale

7,800

47.5900 USD

common stock

Sale

7,561

47.4597 USD

common stock

Sale

6,127

47.4435 USD

common stock

Sale

4,699

47.6105 USD

common stock

Sale

4,490

47.5826 USD

common stock

Sale

4,370

47.6201 USD

common stock

Sale

4,232

47.0600 USD

common stock

Sale

4,197

47.6644 USD

common stock

Sale

4,171

47.5885 USD

common stock

Sale

3,660

47.6045 USD

common stock

Sale

3,407

47.5359 USD

common stock

Sale

1,931

47.5247 USD

common stock

Sale

1,881

47.5014 USD

common stock

Sale

1,393

47.4703 USD

common stock

Sale

1,308

47.6220 USD

common stock

Sale

1,160

47.5314 USD

common stock

Sale

898

47.5193 USD

common stock

Sale

729

47.4902 USD

common stock

Sale

700

47.5007 USD

common stock

Sale

700

47.5121 USD

common stock

Sale

626

47.5036 USD

common stock

Sale

555

47.5000 USD

common stock

Sale

543

47.5414 USD

common stock

Sale

466

47.5478 USD

common stock

Sale

451

47.5833 USD

common stock

Sale

372

47.6576 USD

common stock

Sale

335

47.6810 USD

common stock

Sale

300

47.7683 USD

common stock

Sale

300

47.7733 USD

common stock

Sale

284

47.4145 USD

common stock

Sale

284

47.4392 USD

common stock

Sale

258

47.4800 USD

common stock

Sale

227

47.5415 USD

common stock

Sale

220

47.4100 USD

common stock

Sale

215

47.4946 USD

common stock

Sale

147

47.3857 USD

common stock

Sale

144

47.7662 USD

common stock

Sale

124

47.6046 USD

common stock

Sale

105

47.5814 USD

common stock

Sale

103

47.4593 USD

common stock

Sale

100

47.5200 USD

common stock

Sale

100

47.5550 USD

common stock

Sale

100

47.5700 USD

common stock

Sale

96

47.5575 USD

common stock

Sale

91

47.4285 USD

common stock

Sale

32

47.5500 USD

common stock

Sale

14

47.5150 USD

common stock

Sale

10

47.3000 USD

common stock

Sale

5

47.6200 USD

common stock

Sale

5

47.3500 USD

common stock

Sale

5

47.1900 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

Increasing Long

140

47.6075 USD

common stock

SWAP

Decreasing Long

2,053

47.6124 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?

YES

Date of disclosure:

10 Sep 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

Written

123,800

45.0000

American

20 Sep 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: