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:

23 Oct 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:

874,075

0.25%

347,919

0.10%

(2)

Cash-settled derivatives:

and/or controlled:

278,829

0.08%

23,331

0.01%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,152,904

0.33%

371,250

0.11%

(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

75,819

48.8612 USD

common stock

Purchase

65,716

48.9727 USD

common stock

Purchase

24,426

49.0500 USD

common stock

Purchase

16,016

48.1651 USD

common stock

Purchase

15,709

48.7975 USD

common stock

Purchase

15,029

48.9132 USD

common stock

Purchase

12,057

48.7924 USD

common stock

Purchase

10,512

48.9749 USD

common stock

Purchase

9,967

48.7938 USD

common stock

Purchase

8,063

49.0489 USD

common stock

Purchase

2,987

48.7346 USD

common stock

Purchase

2,697

48.9055 USD

common stock

Purchase

2,112

48.9150 USD

common stock

Purchase

1,799

48.6907 USD

common stock

Purchase

1,459

48.9697 USD

common stock

Purchase

1,338

48.9060 USD

common stock

Purchase

914

48.3588 USD

common stock

Purchase

750

48.7682 USD

common stock

Purchase

632

48.5459 USD

common stock

Purchase

552

47.8700 USD

common stock

Purchase

426

49.0495 USD

common stock

Purchase

400

48.8412 USD

common stock

Purchase

253

48.7587 USD

common stock

Purchase

200

48.3400 USD

common stock

Purchase

100

48.7650 USD

common stock

Purchase

100

48.4200 USD

common stock

Purchase

100

48.4300 USD

common stock

Purchase

100

49.0400 USD

common stock

Purchase

57

48.9271 USD

common stock

Purchase

39

48.8102 USD

common stock

Purchase

32

48.8900 USD

common stock

Purchase

22

48.9400 USD

common stock

Purchase

21

48.7000 USD

common stock

Purchase

12

48.9741 USD

common stock

Purchase

6

48.7600 USD

common stock

Purchase

5

48.7700 USD

common stock

Purchase

3

49.0600 USD

common stock

Sale

53,895

48.8878 USD

common stock

Sale

47,827

49.0500 USD

common stock

Sale

37,701

48.8221 USD

common stock

Sale

31,338

48.8477 USD

common stock

Sale

17,197

49.0076 USD

common stock

Sale

14,217

48.3990 USD

common stock

Sale

8,063

49.0489 USD

common stock

Sale

7,458

48.8581 USD

common stock

Sale

6,276

48.8328 USD

common stock

Sale

5,799

48.7494 USD

common stock

Sale

5,600

48.8171 USD

common stock

Sale

4,385

48.4327 USD

common stock

Sale

3,616

48.9139 USD

common stock

Sale

3,067

47.9211 USD

common stock

Sale

2,112

48.9150 USD

common stock

Sale

2,023

48.8741 USD

common stock

Sale

1,959

48.1574 USD

common stock

Sale

1,931

48.5550 USD

common stock

Sale

1,338

48.9060 USD

common stock

Sale

1,307

48.9805 USD

common stock

Sale

1,248

48.7704 USD

common stock

Sale

1,215

48.9972 USD

common stock

Sale

1,046

48.9385 USD

common stock

Sale

900

48.6611 USD

common stock

Sale

700

49.1000 USD

common stock

Sale

622

48.6620 USD

common stock

Sale

613

48.8977 USD

common stock

Sale

596

49.0492 USD

common stock

Sale

389

48.5900 USD

common stock

Sale

302

48.9200 USD

common stock

Sale

300

48.5805 USD

common stock

Sale

285

48.9400 USD

common stock

Sale

280

48.9565 USD

common stock

Sale

200

49.0000 USD

common stock

Sale

200

48.7550 USD

common stock

Sale

152

48.8775 USD

common stock

Sale

142

49.1050 USD

common stock

Sale

100

48.6300 USD

common stock

Sale

50

48.8000 USD

common stock

Sale

50

48.7650 USD

common stock

Sale

3

48.8550 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

733

49.0525 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:

24 Oct 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213