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:

24 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:

854,848

0.25%

295,028

0.08%

(2)

Cash-settled derivatives:

and/or controlled:

36,045

0.01%

38,180

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

890,893

0.26%

333,208

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

316,837

47.2486 USD

common stock

Purchase

54,387

46.9038 USD

common stock

Purchase

43,645

46.9304 USD

common stock

Purchase

34,570

47.3197 USD

common stock

Purchase

19,779

47.1984 USD

common stock

Purchase

16,102

46.9456 USD

common stock

Purchase

15,406

47.0348 USD

common stock

Purchase

13,323

46.7928 USD

common stock

Purchase

10,340

47.0000 USD

common stock

Purchase

9,759

46.8349 USD

common stock

Purchase

9,331

47.3200 USD

common stock

Purchase

6,692

46.8361 USD

common stock

Purchase

4,878

47.2829 USD

common stock

Purchase

4,547

47.0100 USD

common stock

Purchase

4,447

46.8259 USD

common stock

Purchase

4,158

47.1996 USD

common stock

Purchase

3,514

46.8241 USD

common stock

Purchase

3,354

47.2695 USD

common stock

Purchase

3,349

46.8487 USD

common stock

Purchase

3,172

46.8717 USD

common stock

Purchase

2,098

46.8437 USD

common stock

Purchase

1,926

46.8732 USD

common stock

Purchase

1,663

47.1743 USD

common stock

Purchase

1,500

46.7613 USD

common stock

Purchase

1,411

46.8823 USD

common stock

Purchase

1,259

47.2412 USD

common stock

Purchase

692

46.7684 USD

common stock

Purchase

201

46.9903 USD

common stock

Purchase

200

46.7750 USD

common stock

Purchase

191

46.7920 USD

common stock

Purchase

181

46.3000 USD

common stock

Purchase

124

47.0350 USD

common stock

Purchase

100

46.7600 USD

common stock

Purchase

100

47.3100 USD

common stock

Purchase

94

42.9400 EUR

common stock

Purchase

88

46.9996 USD

common stock

Purchase

23

46.8500 USD

common stock

Purchase

1

46.7100 USD

common stock

Sale

235,959

47.2945 USD

common stock

Sale

61,942

47.0960 USD

common stock

Sale

53,434

46.8734 USD

common stock

Sale

49,171

47.3200 USD

common stock

Sale

31,373

46.9426 USD

common stock

Sale

29,379

47.1048 USD

common stock

Sale

27,656

46.8621 USD

common stock

Sale

24,159

46.9173 USD

common stock

Sale

10,340

47.0000 USD

common stock

Sale

9,232

47.0174 USD

common stock

Sale

7,501

46.9421 USD

common stock

Sale

7,026

46.9949 USD

common stock

Sale

6,392

46.8154 USD

common stock

Sale

5,790

47.0332 USD

common stock

Sale

4,807

47.1956 USD

common stock

Sale

3,874

47.0405 USD

common stock

Sale

3,550

46.8827 USD

common stock

Sale

3,378

47.2664 USD

common stock

Sale

3,172

46.8717 USD

common stock

Sale

1,775

47.1963 USD

common stock

Sale

1,558

47.1197 USD

common stock

Sale

1,532

46.8780 USD

common stock

Sale

1,400

46.7635 USD

common stock

Sale

1,398

46.9882 USD

common stock

Sale

1,259

47.2412 USD

common stock

Sale

1,051

47.1593 USD

common stock

Sale

754

47.0050 USD

common stock

Sale

752

47.2566 USD

common stock

Sale

700

46.7671 USD

common stock

Sale

657

47.0279 USD

common stock

Sale

588

46.7420 USD

common stock

Sale

516

46.6693 USD

common stock

Sale

468

46.7986 USD

common stock

Sale

428

47.1648 USD

common stock

Sale

331

47.1008 USD

common stock

Sale

300

47.2766 USD

common stock

Sale

260

47.3199 USD

common stock

Sale

253

47.2052 USD

common stock

Sale

241

47.1733 USD

common stock

Sale

215

47.3157 USD

common stock

Sale

206

47.1024 USD

common stock

Sale

200

47.1350 USD

common stock

Sale

191

46.7920 USD

common stock

Sale

148

47.2700 USD

common stock

Sale

121

46.7759 USD

common stock

Sale

100

46.7300 USD

common stock

Sale

94

42.9400 EUR

common stock

Sale

88

46.9996 USD

common stock

Sale

56

47.3500 USD

common stock

Sale

49

46.9738 USD

common stock

Sale

10

46.6950 USD

common stock

Sale

7

46.9471 USD

common stock

Sale

5

46.8800 USD

common stock

Sale

1

47.3600 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

4,300

USD

0.2907 USD

common stock

Put Options

Purchasing

4,700

45.0000 USD

American

28 Jun 2024

0.2979 USD

common stock

Put Options

Purchasing

3,400

45.0000 USD

American

28 Jun 2024

0.2941 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:

25 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213