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:

16 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:

770,034

0.22%

435,212

0.13%

(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:

123,800

0.04%

0

0.00%

TOTAL:

1,062,496

0.31%

435,212

0.13%

(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

134,160

46.9680 USD

common stock

Purchase

99,969

47.0372 USD

common stock

Purchase

40,701

46.8720 USD

common stock

Purchase

21,053

46.9342 USD

common stock

Purchase

12,078

46.8636 USD

common stock

Purchase

11,747

46.8761 USD

common stock

Purchase

8,522

46.7318 USD

common stock

Purchase

6,577

46.9951 USD

common stock

Purchase

4,906

46.8190 USD

common stock

Purchase

4,442

46.7945 USD

common stock

Purchase

4,050

46.7569 USD

common stock

Purchase

3,777

46.6512 USD

common stock

Purchase

3,700

46.9100 USD

common stock

Purchase

3,654

47.0800 USD

common stock

Purchase

3,606

46.8833 USD

common stock

Purchase

2,678

46.4600 USD

common stock

Purchase

2,301

47.0499 USD

common stock

Purchase

1,678

46.8701 USD

common stock

Purchase

1,531

46.6822 USD

common stock

Purchase

1,272

46.7344 USD

common stock

Purchase

1,150

47.0188 USD

common stock

Purchase

1,107

46.7457 USD

common stock

Purchase

1,029

47.0654 USD

common stock

Purchase

921

46.7192 USD

common stock

Purchase

837

46.9323 USD

common stock

Purchase

688

46.2270 USD

common stock

Purchase

648

46.7322 USD

common stock

Purchase

485

47.0803 USD

common stock

Purchase

456

46.7470 USD

common stock

Purchase

425

47.0376 USD

common stock

Purchase

392

47.0094 USD

common stock

Purchase

310

42.5114 EUR

common stock

Purchase

300

47.0308 USD

common stock

Purchase

230

42.1130 EUR

common stock

Purchase

222

46.9350 USD

common stock

Purchase

200

47.0200 USD

common stock

Purchase

181

46.7754 USD

common stock

Purchase

162

46.9300 USD

common stock

Purchase

117

46.6273 USD

common stock

Purchase

100

47.0300 USD

common stock

Purchase

100

46.2900 USD

common stock

Purchase

32

46.7500 USD

common stock

Purchase

30

46.6800 USD

common stock

Purchase

17

46.4965 USD

common stock

Sale

94,929

47.0502 USD

common stock

Sale

73,946

47.0062 USD

common stock

Sale

59,515

46.8835 USD

common stock

Sale

21,382

47.0800 USD

common stock

Sale

16,536

46.9445 USD

common stock

Sale

13,169

46.8983 USD

common stock

Sale

12,881

47.0400 USD

common stock

Sale

9,625

46.8707 USD

common stock

Sale

8,593

46.9876 USD

common stock

Sale

7,828

46.9022 USD

common stock

Sale

7,099

46.8917 USD

common stock

Sale

7,000

46.4502 USD

common stock

Sale

6,422

47.0259 USD

common stock

Sale

5,584

46.8733 USD

common stock

Sale

5,500

46.8747 USD

common stock

Sale

4,792

46.8074 USD

common stock

Sale

4,442

46.7945 USD

common stock

Sale

4,306

46.7181 USD

common stock

Sale

3,952

46.8332 USD

common stock

Sale

3,793

47.0309 USD

common stock

Sale

3,700

46.9100 USD

common stock

Sale

3,569

46.6162 USD

common stock

Sale

3,196

46.9152 USD

common stock

Sale

3,005

47.0243 USD

common stock

Sale

2,632

46.8078 USD

common stock

Sale

2,544

47.0190 USD

common stock

Sale

2,301

47.0499 USD

common stock

Sale

2,262

46.9661 USD

common stock

Sale

2,070

46.9324 USD

common stock

Sale

2,030

46.4600 USD

common stock

Sale

1,783

46.8380 USD

common stock

Sale

1,710

47.0179 USD

common stock

Sale

1,332

46.8704 USD

common stock

Sale

1,296

46.7322 USD

common stock

Sale

1,269

46.9978 USD

common stock

Sale

1,259

46.8811 USD

common stock

Sale

1,189

46.9014 USD

common stock

Sale

1,038

46.6820 USD

common stock

Sale

1,000

46.9085 USD

common stock

Sale

900

46.9877 USD

common stock

Sale

616

46.8408 USD

common stock

Sale

611

46.7496 USD

common stock

Sale

505

46.9086 USD

common stock

Sale

419

47.0102 USD

common stock

Sale

410

46.9734 USD

common stock

Sale

400

46.8975 USD

common stock

Sale

345

47.0236 USD

common stock

Sale

344

46.2270 USD

common stock

Sale

322

46.6808 USD

common stock

Sale

310

42.5114 EUR

common stock

Sale

300

47.0308 USD

common stock

Sale

300

46.8200 USD

common stock

Sale

256

46.7013 USD

common stock

Sale

242

46.2236 USD

common stock

Sale

230

42.1130 EUR

common stock

Sale

222

46.9350 USD

common stock

Sale

128

46.6865 USD

common stock

Sale

117

46.6273 USD

common stock

Sale

100

46.9000 USD

common stock

Sale

60

46.6000 USD

common stock

Sale

52

46.2400 USD

common stock

Sale

50

46.2300 USD

common stock

Sale

42

46.6833 USD

common stock

Sale

36

46.9972 USD

common stock

Sale

32

46.7500 USD

common stock

Sale

12

46.3100 USD

common stock

Sale

6

47.0900 USD

common stock

Sale

5

47.0300 USD

common stock

Sale

2

46.2000 USD

common stock

Sale

1

46.6800 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:

19 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

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: